Short Interest in Gores Holdings XI, Inc. (NASDAQ:GHXIU) Drops By 64.7%

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 855 shares, a decline of 64.7% from the August 15th total of 2,422 shares. Based on an average daily volume of 337 shares, the short-interest ratio is presently 2.5 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised Gores Holdings XI to a “hold” rating in a research note on Saturday, July 4th.

Gores Holdings XI Trading Up 0.2%

NASDAQ GHXIU traded up $0.02 on Monday, reaching $10.19. The company’s stock had a trading volume of 145 shares, compared to its average volume of 99,015. Gores Holdings XI has a twelve month low of $10.03 and a twelve month high of $11.05. The business has a 50 day moving average price of $10.16.

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.