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

Gores Holdings IX, Inc. (NASDAQ:GHIX) saw a significant decrease in short interest in the month of 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. Based on an average trading 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.

Gores Holdings IX Price Performance

Gores Holdings IX stock remained flat at $10.15 during midday trading on Wednesday. 3 shares of the company’s stock traded hands, compared to its average volume of 20,256. The business’s 50 day moving average price is $10.56 and its 200-day moving average price is $10.59. Gores Holdings IX has a one year low of $10.12 and a one year high of $11.14.

Hedge Funds Weigh In On Gores Holdings IX

A number of hedge funds and other institutional investors have recently modified their holdings of GHIX. Walleye Trading LLC lifted its holdings in Gores Holdings IX by 50.4% during the first quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock worth $5,745,000 after buying an additional 182,300 shares during the period. Virtu Financial LLC purchased a new position in shares of Gores Holdings IX in the 3rd quarter valued at $548,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Gores Holdings IX in the 3rd quarter worth $386,000. 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.