GSR II Meteora Acquisition Corp. (NASDAQ:GSRM – Get Rating) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 49,900 shares, an increase of 21.7% from the November 30th total of 41,000 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On GSR II Meteora Acquisition

Several hedge funds have recently bought and sold shares of GSRM. OLD Mission Capital LLC purchased a new position in shares of GSR II Meteora Acquisition during the 2nd quarter valued at approximately $156,000. Hudson Bay Capital Management LP purchased a new position in shares of GSR II Meteora Acquisition during the 2nd quarter valued at approximately $17,237,000. Millennium Management LLC purchased a new position in shares of GSR II Meteora Acquisition during the 2nd quarter valued at approximately $816,000. Cubist Systematic Strategies LLC purchased a new position in shares of GSR II Meteora Acquisition during the 2nd quarter valued at approximately $1,333,000. Finally, Berkley W R Corp purchased a new position in shares of GSR II Meteora Acquisition during the 2nd quarter valued at approximately $264,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

GSR II Meteora Acquisition Price Performance

NASDAQ:GSRM traded down $0.03 during midday trading on Monday, hitting $10.11. The company's stock had a trading volume of 5,200 shares, compared to its average volume of 43,748. GSR II Meteora Acquisition has a fifty-two week low of $9.78 and a fifty-two week high of $10.50. The firm's 50 day moving average is $9.98 and its 200-day moving average is $9.94.

About GSR II Meteora Acquisition

GSR II Meteora Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to focus on businesses in the software, technology-enabled manufacturing and services, mobility, and transportation sectors, as well as companies that help to address environmental, social, and governance related issues.

Further Reading

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