Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Down 98.9% in July

by · The Markets Daily

Gores Holdings XI, Inc. (NASDAQ:GHXIU – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,628 shares, a drop of 98.9% from the July 15th total of 150,407 shares. Based on an average daily trading volume, of 16,575 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Get Our Latest Stock Report on GHXIU

Gores Holdings XI Stock Performance

Shares of NASDAQ GHXIU remained flat at $10.15 during trading on Tuesday. The stock had a trading volume of 6,992 shares, compared to its average volume of 135,218. Gores Holdings XI has a fifty-two week low of $10.03 and a fifty-two week high of $11.05.

About Gores Holdings XI

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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.

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