Short Interest in Gores Holdings IX, Inc. (NASDAQ:GHIX) Declines By 90.9%

Gores Holdings IX, Inc. (NASDAQ:GHIX) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decrease of 90.9% from the May 31st total of 1,100 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Gores Holdings IX

Large investors have recently added to or reduced their stakes in the stock. TrueMark Investments LLC purchased a new stake in Gores Holdings IX in the 4th quarter valued at $222,000. PenderFund Capital Management Ltd. purchased a new stake in Gores Holdings IX in the 4th quarter valued at $271,000. Tuttle Capital Management LLC purchased a new stake in Gores Holdings IX in the 4th quarter valued at $315,000. ADAR1 Capital Management LLC purchased a new stake in Gores Holdings IX in the 4th quarter valued at $315,000. Finally, Shaolin Capital Management LLC lifted its stake in shares of Gores Holdings IX by 166.1% in the 3rd quarter. Shaolin Capital Management LLC now owns 247,900 shares of the company’s stock valued at $2,576,000 after purchasing an additional 622,900 shares during the last quarter. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

Gores Holdings IX Stock Down 0.6 %

NASDAQ:GHIX traded down $0.06 during trading hours on Friday, hitting $10.54. The company had a trading volume of 3,084 shares, compared to its average volume of 10,330. The company has a 50-day moving average of $10.59 and a 200 day moving average of $10.57. Gores Holdings IX has a 1 year low of $10.23 and a 1 year high of $11.10.

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.