Gores Holdings IX, Inc. (NASDAQ:GHIX) Short Interest Up 10.0% in May

Gores Holdings IX, Inc. (NASDAQ:GHIX) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 1,100 shares, a growth of 10.0% from the May 15th total of 1,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Gores Holdings IX

A number of institutional investors have recently made changes to their positions in GHIX. TrueMark Investments LLC bought a new position in shares of Gores Holdings IX during the 4th quarter valued at $222,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Gores Holdings IX in the 4th quarter worth about $271,000. Tuttle Capital Management LLC purchased a new stake in shares of Gores Holdings IX in the 4th quarter worth about $315,000. ADAR1 Capital Management LLC purchased a new position in Gores Holdings IX during the 4th quarter valued at about $315,000. Finally, Shaolin Capital Management LLC lifted its position in Gores Holdings IX by 166.1% during the 3rd quarter. Shaolin Capital Management LLC now owns 247,900 shares of the company’s stock valued at $2,576,000 after acquiring an additional 622,900 shares during the period. Institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Price Performance

Shares of NASDAQ:GHIX opened at $10.56 on Wednesday. The company’s fifty day moving average price is $10.58 and its 200-day moving average price is $10.56. Gores Holdings IX has a one year low of $10.20 and a one year high of $11.10.

Gores Holdings IX Company Profile

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.