Gores Holdings VIII, Inc. (NASDAQ:GIIX) Sees Large Increase in Short Interest

Gores Holdings VIII, Inc. (NASDAQ:GIIXGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 41,300 shares, a growth of 58.2% from the April 15th total of 26,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 86,300 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NASDAQ GIIX traded down $0.03 during midday trading on Friday, hitting $9.86. The stock had a trading volume of 166,652 shares, compared to its average volume of 84,617. Gores Holdings VIII has a 1-year low of $8.88 and a 1-year high of $10.40. The company has a fifty day moving average price of $9.92 and a 200 day moving average price of $9.98.

A number of hedge funds and other institutional investors have recently bought and sold shares of GIIX. Penserra Capital Management LLC acquired a new position in Gores Holdings VIII during the first quarter valued at approximately $42,000. Westchester Capital Management LLC acquired a new position in shares of Gores Holdings VIII during the 3rd quarter valued at $58,000. Walleye Trading LLC purchased a new stake in Gores Holdings VIII during the 4th quarter worth $102,000. Flow Traders U.S. LLC acquired a new stake in Gores Holdings VIII in the 1st quarter valued at $122,000. Finally, Wolverine Asset Management LLC purchased a new position in Gores Holdings VIII in the third quarter valued at about $142,000. Hedge funds and other institutional investors own 72.04% of the company’s stock.

About Gores Holdings VIII (Get Rating)

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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