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 in 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 days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

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

Gores Holdings XI Trading Up 0.1%

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

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.