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

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,628 shares, a decline 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 presently 0.1 days.

Gores Holdings XI Price Performance

GHXIU opened at $10.15 on Thursday. Gores Holdings XI has a twelve month low of $10.03 and a twelve month high of $11.05.

Wall Street Analyst Weigh In

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

About Gores Holdings XI

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.