Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Update

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

Gores Holdings XI Stock Performance

Shares of Gores Holdings XI stock traded up $0.05 on Friday, hitting $10.22. The stock had a trading volume of 356 shares, compared to its average volume of 222,704. Gores Holdings XI has a one year low of $10.03 and a one year high of $11.05.

Analyst Upgrades and Downgrades

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

Gores Holdings XI Company Profile

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.