Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Stock Short Interest Report for October

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 840 shares, a decrease of 40.6% from the September 30th total of 1,414 shares. Based on an average daily trading volume, of 74,749 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Gores Holdings X, Inc. / CI

Several hedge funds and other institutional investors have recently bought and sold shares of GTEN. Lineage Point Capital LP grew its holdings in Gores Holdings X, Inc. / CI by 5.9% in the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company’s stock worth $2,820,000 after buying an additional 15,000 shares in the last quarter. DLD Asset Management LP boosted its holdings in Gores Holdings X, Inc. / CI by 6.5% during the first quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after purchasing an additional 10,058 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of Gores Holdings X, Inc. / CI during the first quarter worth approximately $1,631,000. SkyView Investment Advisors LLC acquired a new position in Gores Holdings X, Inc. / CI in the second quarter valued at about $1,565,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Gores Holdings X, Inc. / CI during the second quarter worth $657,000.

Gores Holdings X, Inc. / CI Stock Up 0.1%

GTEN stock traded up $0.01 during trading on Friday, hitting $10.44. 3,300 shares of the company’s stock traded hands, compared to its average volume of 62,644. The firm has a market capitalization of $470.64 million, a P/E ratio of 74.57 and a beta of 0.13. The business has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.41. Gores Holdings X, Inc. / CI has a 1 year low of $10.21 and a 1 year high of $10.99.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Gores Holdings X, Inc. / CI in a research report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Gores Holdings X, Inc. / CI presently has a consensus rating of “Sell”.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses. Unlike a traditional operating company, it does not provide products or services directly to customers and was established primarily to pursue a business combination, such as a merger, acquisition or similar transaction.

The company’s activities have generally centered on evaluating potential target businesses, completing due diligence and negotiating a transaction intended to create a publicly traded operating company.