Gores Holdings IX, Inc. (NASDAQ:GHIX) Short Interest Up 20.0% in August

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,600 shares, a growth of 20.0% from the August 15th total of 3,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 24,400 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Gores Holdings IX

Several institutional investors have recently modified their holdings of the business. Kim LLC increased its holdings in Gores Holdings IX by 78.3% during the 4th quarter. Kim LLC now owns 1,294,988 shares of the company’s stock worth $13,597,000 after purchasing an additional 568,888 shares in the last quarter. Verition Fund Management LLC raised its position in Gores Holdings IX by 99.8% in the 4th quarter. Verition Fund Management LLC now owns 500,616 shares of the company’s stock valued at $5,256,000 after buying an additional 250,000 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in Gores Holdings IX in the 4th quarter valued at approximately $271,000. K2 Principal Fund L.P. bought a new stake in Gores Holdings IX in the 4th quarter valued at approximately $2,625,000. Finally, ADAR1 Capital Management LLC acquired a new position in Gores Holdings IX during the 4th quarter worth approximately $315,000. Institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Stock Performance

Gores Holdings IX stock remained flat at $10.58 during mid-day trading on Tuesday. The company had a trading volume of 68 shares, compared to its average volume of 21,870. The company has a fifty day moving average price of $10.61 and a 200 day moving average price of $10.59. Gores Holdings IX has a twelve month low of $10.35 and a twelve month high of $11.14.

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.