Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Up ∞ in June

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 118,352 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 1,060,999 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Gores Holdings XI Stock Performance

Shares of GHXIU stock traded up $0.04 during mid-day trading on Wednesday, reaching $10.19. The stock had a trading volume of 1,825 shares, compared to its average volume of 241,802. Gores Holdings XI has a 52-week low of $10.03 and a 52-week high of $10.18.

Gores Holdings XI Company Profile

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.