Gores Holdings X, Inc. (NASDAQ:GTENU) Sees Significant Growth in Short Interest

Gores Holdings X, Inc. (NASDAQ:GTENU) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 243 shares, a growth of 3,950.0% from the July 30th total of 6 shares. Based on an average daily volume of 301 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Gores Holdings X

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moore Capital Management LP acquired a new position in shares of Gores Holdings X in the 2nd quarter valued at $12,728,000. LMR Partners LLP acquired a new stake in shares of Gores Holdings X during the second quarter worth $7,273,000. Finally, Clear Street Group Inc. grew its stake in shares of Gores Holdings X by 381.9% during the fourth 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.

Gores Holdings X Stock Performance

Shares of NASDAQ:GTENU opened at $10.65 on Thursday. The business has a fifty day moving average of $10.68 and a 200-day moving average of $10.55. Gores Holdings X has a twelve month low of $10.27 and a twelve month high of $10.90.

About Gores Holdings X

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.