Gores Holdings X, Inc. (NASDAQ:GTENU) Sees Large Increase in Short Interest

Gores Holdings X, Inc. (NASDAQ:GTENU) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 86 shares, an increase of 65.4% from the June 30th total of 52 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Gores Holdings X

A number of large investors have recently made changes to their positions in GTENU. Clear Street Group Inc. raised its position in Gores Holdings X by 381.9% in the 4th quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock worth $1,788,000 after purchasing an additional 135,192 shares during the period. Moore Capital Management LP bought a new stake in Gores Holdings X in the second quarter worth about $12,728,000. Finally, LMR Partners LLP purchased a new position in shares of Gores Holdings X during the second quarter valued at approximately $7,273,000.

Gores Holdings X Stock Performance

GTENU stock remained flat at $10.68 during mid-day trading on Friday. The stock’s fifty day moving average price is $10.61 and its 200 day moving average price is $10.51. Gores Holdings X has a twelve month low of $10.27 and a twelve month high of $11.32.

Gores Holdings X Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) incorporated as an exempted Cayman Islands company, formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, raising capital through the sale of units that each consist of one Class A ordinary share and one-half redeemable warrant. Gores Holdings X’s units trade under the ticker GTENU on the Nasdaq Global Market.

The company does not engage in any commercial operations of its own.