Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Update

Gores Holdings X, Inc. (NASDAQ:GTENU) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 97 shares, a decrease of 59.6% from the August 31st total of 240 shares. Based on an average daily volume of 313 shares, the short-interest ratio is presently 0.3 days.

Gores Holdings X Stock Performance

Shares of Gores Holdings X stock remained flat at $10.65 during trading on Monday. Gores Holdings X has a 52-week low of $10.27 and a 52-week high of $10.90. The stock’s 50-day moving average is $10.69 and its 200-day moving average is $10.57.

Institutional Investors Weigh In On Gores Holdings X

An institutional investor recently raised its position in Gores Holdings X stock. Clear Street Group Inc. raised its stake in shares of Gores Holdings X, Inc. (NASDAQ:GTENU) by 381.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,592 shares of the company’s stock after purchasing an additional 135,192 shares during the quarter. Clear Street Group Inc.’s holdings in Gores Holdings X were worth $1,788,000 at the end of the most recent reporting period.

About Gores Holdings X

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting commercial operations of its own, the company was established to pursue a merger, acquisition, stock purchase, reorganization or similar transaction.

At the time of its public offering, Gores Holdings X expected to evaluate businesses across a range of industries and geographies. Its activities were primarily focused on sourcing a suitable target, conducting due diligence and negotiating transaction terms, subject to approval by shareholders and other customary conditions.

The company was sponsored by an affiliate of The Gores Group, an investment firm associated with entrepreneur Alec Gores.