Gores Holdings IX, Inc. (NASDAQ:GHIX) Short Interest Update

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the June 30th total of 100 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Gores Holdings IX

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of Gores Holdings IX in the 4th quarter valued at $3,612,000. Kim LLC grew its stake in shares of Gores Holdings IX by 78.3% during the fourth quarter. Kim LLC now owns 1,294,988 shares of the company’s stock valued at $13,597,000 after buying an additional 568,888 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Gores Holdings IX by 99.8% in the fourth quarter. Verition Fund Management LLC now owns 500,616 shares of the company’s stock worth $5,256,000 after buying an additional 250,000 shares during the period. PenderFund Capital Management Ltd. bought a new stake in shares of Gores Holdings IX in the 4th quarter valued at about $271,000. Finally, K2 Principal Fund L.P. purchased a new stake in Gores Holdings IX during the 4th quarter valued at about $2,625,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Trading Up 0.1 %

GHIX stock traded up $0.01 during mid-day trading on Thursday, hitting $10.62. 47 shares of the stock were exchanged, compared to its average volume of 5,054. The business has a fifty day moving average price of $10.61 and a 200 day moving average price of $10.58. Gores Holdings IX has a 12 month low of $10.24 and a 12 month 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.