Gores Holdings VIII, Inc. (NASDAQ:GIIXU – Get Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 300 shares, a decline of 40.0% from the March 31st total of 500 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.1 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benefit Street Partners LLC purchased a new position in shares of Gores Holdings VIII during the 3rd quarter valued at about $199,000. Royal Bank of Canada raised its stake in shares of Gores Holdings VIII by 14.1% during the 3rd quarter. Royal Bank of Canada now owns 57,945 shares of the company’s stock valued at $577,000 after buying an additional 7,158 shares during the last quarter. EMG Holdings L.P. purchased a new position in shares of Gores Holdings VIII during the 3rd quarter valued at about $696,000. Virtu Financial LLC purchased a new position in shares of Gores Holdings VIII during the 4th quarter valued at about $1,050,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Gores Holdings VIII during the 4th quarter valued at about $1,785,000.
Shares of GIIXU opened at $10.02 on Friday. The stock has a 50-day moving average of $10.12 and a two-hundred day moving average of $10.14. Gores Holdings VIII has a one year low of $8.98 and a one year high of $10.52.
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. It intends to focus on businesses in the industrials, technology, telecommunications, media and entertainment, business services, healthcare, and consumer products.
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