Gores Holdings XI, Inc. (NASDAQ:GHXI – Get Free Report) was the target of a significant decrease in short interest during 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 shares of the company are short sold. Based on an average daily trading volume, of 37,484 shares, the short-interest ratio is currently 0.0 days.
Gores Holdings XI Stock Performance
GHXI stock opened at $10.06 on Friday. Gores Holdings XI has a twelve month low of $9.94 and a twelve month high of $10.88. The business’s 50-day moving average price is $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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