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

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 90.9% from the May 31st total of 1,100 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Gores Holdings IX

A number of hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Gores Holdings IX in the 1st quarter valued at $15,840,000. Kim LLC raised its stake in shares of Gores Holdings IX by 78.3% in the 4th 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 in the last quarter. Walleye Trading LLC raised its stake in shares of Gores Holdings IX by 50.4% in the 1st quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock valued at $5,745,000 after buying an additional 182,300 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of 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 in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in shares of Gores Holdings IX in the 4th quarter valued at $3,612,000. 75.13% of the stock is owned by institutional investors.

Gores Holdings IX Price Performance

Shares of NASDAQ GHIX traded down $0.03 during trading hours on Friday, hitting $10.57. 3,084 shares of the stock were exchanged, compared to its average volume of 612. The company’s 50 day moving average is $10.59 and its 200 day moving average is $10.57. Gores Holdings IX has a one year low of $10.23 and a one year 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.