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

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 855 shares, a decrease 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 currently 2.5 days.

Gores Holdings XI Trading Up 0.1%

NASDAQ GHXIU traded up $0.01 on Friday, hitting $10.18. 200 shares of the company’s stock traded hands, compared to its average volume of 101,761. The stock’s 50-day moving average price is $10.16. Gores Holdings XI has a 1-year low of $10.03 and a 1-year high of $11.05.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Gores Holdings XI to a “hold” rating in a research note 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.