Short Interest in Gores Holdings IX, Inc. (NASDAQ:GHIX) Increases By 275.0%

Gores Holdings IX, Inc. (NASDAQ:GHIX) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 3,000 shares, a growth of 275.0% from the July 31st total of 800 shares. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Gores Holdings IX Stock Performance

Shares of GHIX traded down $0.01 during mid-day trading on Thursday, reaching $10.58. The stock had a trading volume of 10,744 shares, compared to its average volume of 12,616. Gores Holdings IX has a 12 month low of $10.33 and a 12 month high of $11.14. The business has a fifty day moving average of $10.62 and a 200 day moving average of $10.59.

Hedge Funds Weigh In On Gores Holdings IX

Hedge funds have recently modified their holdings of the company. PenderFund Capital Management Ltd. bought a new position in shares of Gores Holdings IX during the fourth quarter worth $271,000. ADAR1 Capital Management LLC bought a new position in shares of Gores Holdings IX during the fourth quarter worth $315,000. K2 Principal Fund L.P. bought a new position in shares of Gores Holdings IX during the fourth quarter worth $2,625,000. Flow State Investments L.P. boosted its position in shares of Gores Holdings IX by 233.3% during the fourth quarter. Flow State Investments L.P. now owns 250,000 shares of the company’s stock worth $2,625,000 after acquiring an additional 175,000 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Gores Holdings IX by 99.8% during the fourth quarter. Verition Fund Management LLC now owns 500,616 shares of the company’s stock worth $5,256,000 after acquiring an additional 250,000 shares during the last quarter. 75.13% of the stock is currently owned by institutional investors.

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.