Gores Holdings IX, Inc. (NASDAQ:GHIX) Short Interest Down 90.9% in June

Gores Holdings IX, Inc. (NASDAQ:GHIX) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a decrease of 90.9% from the May 31st total of 1,100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Gores Holdings IX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TrueMark Investments LLC bought a new stake in Gores Holdings IX during the 4th quarter valued at approximately $222,000. PenderFund Capital Management Ltd. bought a new stake in Gores Holdings IX during the 4th quarter valued at approximately $271,000. ADAR1 Capital Management LLC bought a new stake in Gores Holdings IX during the 4th quarter valued at approximately $315,000. Tuttle Capital Management LLC bought a new stake in Gores Holdings IX during the 4th quarter valued at approximately $315,000. Finally, Shaolin Capital Management LLC raised its stake in Gores Holdings IX by 166.1% during the 3rd quarter. Shaolin Capital Management LLC now owns 247,900 shares of the company’s stock valued at $2,576,000 after purchasing an additional 622,900 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Stock Down 0.3 %

Gores Holdings IX stock traded down $0.03 during mid-day trading on Friday, reaching $10.57. 3,084 shares of the stock traded hands, compared to its average volume of 612. The business’s 50-day moving average is $10.59 and its 200-day moving average is $10.57. Gores Holdings IX has a 12-month low of $10.23 and a 12-month high of $11.10.

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.