Gores Holdings IX, Inc. (NASDAQ:GHIX) Sees Large Drop in Short Interest

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

Gores Holdings IX Price Performance

NASDAQ GHIX opened at $10.15 on Friday. Gores Holdings IX has a 12 month low of $10.12 and a 12 month high of $11.14. The stock has a 50 day moving average of $10.54 and a 200-day moving average of $10.58.

Institutional Trading of Gores Holdings IX

Large investors have recently added to or reduced their stakes in the company. Walleye Trading LLC increased its stake in shares of 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 during the last quarter. Virtu Financial LLC bought a new position in Gores Holdings IX during the third quarter worth about $548,000. Finally, K2 Principal Fund L.P. acquired a new position in Gores Holdings IX during the third quarter worth approximately $386,000. Institutional investors and hedge funds own 75.13% of the company’s stock.

About Gores Holdings IX

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.