Short Interest in Gores Holdings VIII, Inc. (NASDAQ:GIIX) Expands By 154.0%

Gores Holdings VIII, Inc. (NASDAQ:GIIX) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 125,500 shares, a growth of 154.0% from the December 15th total of 49,400 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 238,600 shares, the short-interest ratio is presently 0.5 days.

Shares of GIIX opened at $10.04 on Friday. The firm has a 50-day moving average price of $10.05 and a 200 day moving average price of $9.91. Gores Holdings VIII has a 52-week low of $8.88 and a 52-week high of $10.40.

A number of institutional investors and hedge funds have recently made changes to their positions in GIIX. Canyon Capital Advisors LLC acquired a new stake in Gores Holdings VIII in the 2nd quarter valued at about $18,218,000. Finepoint Capital LP acquired a new stake in Gores Holdings VIII in the 2nd quarter valued at about $15,707,000. Citadel Advisors LLC acquired a new stake in Gores Holdings VIII in the 2nd quarter valued at about $7,459,000. Eisler Capital UK Ltd. acquired a new stake in Gores Holdings VIII in the 2nd quarter valued at about $7,410,000. Finally, Highbridge Capital Management LLC acquired a new stake in Gores Holdings VIII in the 2nd quarter valued at about $6,538,000. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Gores Holdings VIII Company Profile

Gores Holdings VIII, Inc focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Boulder, Colorado.

See Also: What is the QQQ ETF?

Receive News & Ratings for Gores Holdings VIII Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gores Holdings VIII and related companies with MarketBeat.com's FREE daily email newsletter.