Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Up 48.8% in August

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,422 shares, a growth of 48.8% from the July 30th total of 1,628 shares. Based on an average daily trading volume, of 6,844 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

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

Gores Holdings XI Trading Up 0.2%

Gores Holdings XI stock opened at $10.17 on Thursday. Gores Holdings XI has a 52-week low of $10.03 and a 52-week high of $11.05. The business’s 50 day simple moving average is $10.15.

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.