Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Update

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 6,824 shares, a growth of 404.4% from the July 30th total of 1,353 shares. Based on an average daily volume of 139,462 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Gores Holdings X, Inc. / CI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Gores Holdings X, Inc. / CI in the fourth quarter valued at about $270,000. Sandia Investment Management LP boosted its stake in Gores Holdings X, Inc. / CI by 23.0% during the fourth quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares during the period. Quarry LP increased its position in shares of Gores Holdings X, Inc. / CI by 23.0% during the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after acquiring an additional 11,506 shares during the last quarter. Harraden Circle Investments LLC purchased a new stake in shares of Gores Holdings X, Inc. / CI in the 2nd quarter valued at approximately $657,000. Finally, DLD Asset Management LP purchased a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at approximately $1,594,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gores Holdings X, Inc. / CI presently has an average rating of “Sell”.

Gores Holdings X, Inc. / CI Trading Down 0.1%

GTEN stock traded down $0.01 during midday trading on Wednesday, hitting $10.61. 140,469 shares of the company’s stock were exchanged, compared to its average volume of 65,583. Gores Holdings X, Inc. / CI has a 1-year low of $10.15 and a 1-year high of $10.99. The stock has a market capitalization of $478.25 million, a PE ratio of 75.78 and a beta of 0.10. The business has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.39.

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.