Gores Holdings XI, Inc. (NASDAQ:GHXI – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 845 shares, a decrease of 90.0% from the September 15th total of 8,410 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 37,484 shares, the short-interest ratio is currently 0.0 days.
Gores Holdings XI Price Performance
Shares of GHXI traded up $0.07 during mid-day trading on Friday, reaching $10.06. 51,807 shares of the company were exchanged, compared to its average volume of 30,334. Gores Holdings XI has a 52 week low of $9.94 and a 52 week high of $10.88. The stock has a 50 day simple moving average of $10.04.
Gores Holdings XI Company Profile
Gores Holdings XI, Inc is a special purpose acquisition company, or SPAC, formed by affiliates of The Gores Group. Its shares trade on the Nasdaq under the symbol GHXI.
The company was established to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar corporate combination. As a SPAC, Gores Holdings XI does not itself manufacture products, provide services or operate a customer-facing business before completing such a transaction.
The company’s activities have primarily involved raising capital, evaluating potential acquisition targets and seeking shareholder approval for a proposed transaction.
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