Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Up ? in June

Gores Holdings XI, Inc. (NASDAQ:GHXIU) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 118,352 shares, a growth of ? from the June 15th total of 0 shares. Based on an average daily trading volume, of 1,060,999 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Gores Holdings XI to a “hold” rating in a research report on Saturday, July 4th.

Gores Holdings XI Price Performance

Gores Holdings XI stock traded up $0.04 during mid-day trading on Wednesday, hitting $10.19. The company’s stock had a trading volume of 1,825 shares, compared to its average volume of 241,802. Gores Holdings XI has a 12 month low of $10.03 and a 12 month high of $10.18.

About Gores Holdings XI

Gores Holdings XI, Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing such a transaction.

The company was organized by The Gores Group, a private equity firm known for sponsoring acquisition vehicles focused on identifying and combining with an operating business.