GSR V Acquisition Corp. (NASDAQ:GSRV) Sees Significant Increase in Short Interest

GSR V Acquisition Corp. (NASDAQ:GSRV) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,456 shares, an increase of 322.8% from the August 31st total of 1,054 shares. Based on an average daily volume of 99,753 shares, the days-to-cover ratio is presently 0.0 days.

GSR V Acquisition Stock Up 0.0%

NASDAQ:GSRV traded up $0.00 during mid-day trading on Friday, reaching $9.88. 19,742 shares of the stock were exchanged, compared to its average volume of 121,480. GSR V Acquisition has a 1-year low of $9.84 and a 1-year high of $9.93. The business’s fifty day moving average price is $9.87.

About GSR V Acquisition

GSR V Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, GSR V Acquisition Corp. does not have established products, services or commercial operations of its own. Its activities are primarily focused on raising capital, evaluating potential acquisition opportunities and completing a transaction that would result in a combined operating business.

The company’s final industry focus, geographic scope and operating activities will depend on any business combination it completes.