Gores Holdings XI, Inc. (NASDAQ:GHXIU – Get Free Report) was the recipient of a large 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 volume of 16,575 shares, the short-interest ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Gores Holdings XI to a “hold” rating in a research report on Saturday, July 4th.
Get Our Latest Stock Analysis on GHXIU
Gores Holdings XI Price Performance
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.
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