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

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

Analyst Upgrades and Downgrades

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

Gores Holdings XI Trading Up 0.2%

Shares of Gores Holdings XI stock opened at $10.19 on Tuesday. Gores Holdings XI has a 1 year low of $10.03 and a 1 year high of $11.05. The stock’s fifty day simple moving average is $10.16.

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.