GSR V Acquisition Corp. (NASDAQ:GSRV) Stock Short Interest Report for September

GSR V Acquisition Corp. (NASDAQ:GSRV) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,669 shares, a drop of 40.1% from the September 15th total of 4,456 shares. Based on an average daily trading volume, of 43,265 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of GSR V Acquisition in a research note on Friday, September 25th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, GSR V Acquisition presently has an average rating of “Sell”.

GSR V Acquisition Stock Performance

Shares of NASDAQ:GSRV traded down $0.01 during midday trading on Friday, reaching $9.93. The company’s stock had a trading volume of 7,935 shares, compared to its average volume of 109,109. GSR V Acquisition has a fifty-two week low of $9.84 and a fifty-two week high of $9.97. The stock’s fifty day simple moving average is $9.89.

GSR V Acquisition Company Profile

GSR V Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). It was formed to pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, GSR V Acquisition does not have an established portfolio of products or services and does not conduct material commercial activities of its own. Its principal business activity is identifying and evaluating potential acquisition targets and completing a qualifying transaction.

Publicly available information about the company’s specific investment focus, geographic markets and operating leadership is limited.