GSR V Acquisition Corp. (NASDAQ:GSRV – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,054 shares, a drop of 53.2% from the August 15th total of 2,253 shares. Based on an average daily trading volume, of 122,833 shares, the short-interest ratio is currently 0.0 days.
GSR V Acquisition Stock Performance
GSRV stock remained flat at $9.90 during mid-day trading on Wednesday. The company’s stock had a trading volume of 241 shares, compared to its average volume of 127,518. GSR V Acquisition has a 12 month low of $9.84 and a 12 month high of $9.93. The stock’s fifty day moving average is $9.87.
GSR V Acquisition Company Profile
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.
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