Gores Holdings VIII (GIIX) Short Interest Ratio & Short Volume

Short interest is the volume of Gores Holdings VIII shares that have been sold short but have not yet been closed out or covered. As of December 15th, traders have sold 839,900 shares of GIIX short. 2.44% of Gores Holdings VIII's shares are currently sold short. Learn More on Gores Holdings VIII's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GIIX shares currently have a short interest ratio of 3.0. Learn More on Gores Holdings VIII's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.44% of Gores Holdings VIII's floating shares are currently sold short.

Gores Holdings VIII saw a increase in short interest in December. As of December 15th, there was short interest totaling 839,900 shares, an increase of 7.5% from the previous total of 781,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Gores Holdings VIII currently has issued a total of 43,125,000 shares. Some of Gores Holdings VIII's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Gores Holdings VIII currently has a public float of 34,420,000 shares.

2.44% of Gores Holdings VIII's shares are currently sold short. Here is how the short interest of companies compare to Gores Holdings VIII: Waldencast plc (5.87%), Rigetti Computing, Inc. (13.89%), Westlake Chemical Partners LP (0.50%), Green Plains Inc. (10.40%), Lightwave Logic, Inc. (16.84%), Valhi, Inc. (2.04%), NL Industries, Inc. (1.41%), Oil-Dri Co. of America (0.85%), Perpetua Resources Corp. (2.10%), TMC the metals company Inc. (8.27%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.47 billion), Suncor Energy Inc. ($2.33 billion), T. Rowe Price Group, Inc. ($2.14 billion), PG&E Co. ($1.61 billion), Etsy, Inc. ($1.56 billion), Paramount Global ($1.53 billion), Old Dominion Freight Line, Inc. ($1.49 billion), Coinbase Global, Inc. ($1.46 billion), DICK'S Sporting Goods, Inc. ($1.30 billion), and C.H. Robinson Worldwide, Inc. ($1.26 billion). View all of the most shorted stocks.

Short selling GIIX is an investing strategy that aims to generate trading profit from Gores Holdings VIII as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Gores Holdings VIII occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GIIX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GIIX, twice per month. The most recent reporting period available is December, 15 2022.