Short Interest in Gores Holdings IX, Inc. (NASDAQ:GHIX) Drops By 82.9%

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a decline of 82.9% from the October 31st total of 4,100 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Gores Holdings IX

Large investors have recently made changes to their positions in the stock. Walleye Trading LLC increased its holdings in Gores Holdings IX by 50.4% during the 1st quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock worth $5,745,000 after purchasing an additional 182,300 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Gores Holdings IX during the third quarter worth about $548,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Gores Holdings IX during the third quarter worth about $386,000. Institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Price Performance

Shares of GHIX opened at $10.15 on Friday. Gores Holdings IX has a twelve month low of $10.12 and a twelve month high of $11.14. The firm’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $10.58.

Gores Holdings IX Company Profile

Gores Holdings IX, Inc does not have significant operations. It intends to effect on a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Boulder, Colorado.