Short Interest in Gores Holdings IX, Inc. (NASDAQ:GHIX) Expands By 20.0%

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,600 shares, an increase of 20.0% from the August 15th total of 3,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Gores Holdings IX in the first quarter worth about $15,840,000. Kim LLC lifted its holdings in Gores Holdings IX by 78.3% during the 4th quarter. Kim LLC now owns 1,294,988 shares of the company’s stock worth $13,597,000 after buying an additional 568,888 shares in the last quarter. Verition Fund Management LLC increased its position in 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 purchasing an additional 250,000 shares during the period. K2 Principal Fund L.P. bought a new position in shares of Gores Holdings IX in the 4th quarter valued at about $2,625,000. Finally, Walleye Trading LLC raised its stake in shares of Gores Holdings IX by 50.4% during the first quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock worth $5,745,000 after buying an additional 182,300 shares during the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.

Gores Holdings IX Stock Performance

Gores Holdings IX stock remained flat at $10.58 during trading hours on Tuesday. 68 shares of the company’s stock traded hands, compared to its average volume of 21,870. The stock has a 50 day moving average of $10.61 and a 200-day moving average of $10.59. Gores Holdings IX has a 1 year low of $10.35 and a 1 year high of $11.14.

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.