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

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

Gores Holdings IX Stock Performance

NASDAQ:GHIX opened at $10.15 on Friday. The company’s 50-day moving average is $10.54 and its two-hundred day moving average is $10.58. Gores Holdings IX has a 1-year low of $10.12 and a 1-year high of $11.14.

Hedge Funds Weigh In On Gores Holdings IX

Hedge funds and other institutional investors have recently bought and sold shares of the company. K2 Principal Fund L.P. acquired a new stake in shares of Gores Holdings IX during the third quarter worth about $386,000. Virtu Financial LLC acquired a new position in shares of Gores Holdings IX in the third quarter worth $548,000. Finally, Walleye Trading LLC raised its stake in shares of Gores Holdings IX by 50.4% in the first quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock valued at $5,745,000 after acquiring an additional 182,300 shares in the last quarter. 75.13% of the stock is currently owned by hedge funds and other 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.