Gores Holdings IX, Inc. (NASDAQ:GHIX – Get Rating) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 2,200 shares, a decrease of 12.0% from the July 31st total of 2,500 shares. Based on an average daily volume of 157,300 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On Gores Holdings IX
A number of institutional investors have recently modified their holdings of GHIX. Guggenheim Capital LLC acquired a new position in shares of Gores Holdings IX during the first quarter worth approximately $58,665,000. Nomura Holdings Inc. purchased a new stake in Gores Holdings IX in the 2nd quarter valued at $21,685,000. Saba Capital Management L.P. purchased a new stake in Gores Holdings IX in the 1st quarter valued at $19,078,000. Fir Tree Capital Management LP purchased a new stake in Gores Holdings IX in the 1st quarter valued at $17,329,000. Finally, TD Asset Management Inc. purchased a new stake in Gores Holdings IX in the 1st quarter valued at $14,670,000. 68.56% of the stock is owned by institutional investors and hedge funds.
Get Gores Holdings IX alerts:Gores Holdings IX Price Performance
Shares of NASDAQ:GHIX remained flat at $9.70 during trading on Wednesday. The stock had a trading volume of 56 shares, compared to its average volume of 126,888. Gores Holdings IX has a one year low of $9.60 and a one year high of $9.90. The stock has a fifty day simple moving average of $9.66.
About Gores Holdings IX
(Get Rating)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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