Gores Holdings IX, Inc. (NASDAQ:GHIX – Get Rating) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 22,600 shares, an increase of 67.4% from the October 15th total of 13,500 shares. Based on an average daily trading volume, of 179,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Gores Holdings IX Price Performance

GHIX traded up $0.05 during trading on Friday, reaching $9.75. 258 shares of the stock traded hands, compared to its average volume of 75,976. Gores Holdings IX has a fifty-two week low of $9.60 and a fifty-two week high of $10.20. The stock's 50-day simple moving average is $9.70 and its two-hundred day simple moving average is $9.68.

Institutional Trading of Gores Holdings IX

A number of institutional investors have recently bought and sold shares of the company. TD Asset Management Inc. bought a new position in Gores Holdings IX during the first quarter valued at about $14,670,000. Highbridge Capital Management LLC bought a new position in Gores Holdings IX during the first quarter valued at about $94,000. Picton Mahoney Asset Management bought a new position in Gores Holdings IX during the first quarter valued at about $2,445,000. OMERS ADMINISTRATION Corp bought a new position in Gores Holdings IX during the first quarter valued at about $1,027,000. Finally, Spring Creek Capital LLC bought a new position in Gores Holdings IX during the first quarter valued at about $4,890,000. Institutional investors and hedge funds own 68.56% of the company's stock.

About Gores Holdings IX

Gores Holdings IX, Inc focuses 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.

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