Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Down 93.0% in July

Gores Holdings X, Inc. (NASDAQ:GTENU) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 6 shares, a drop of 93.0% from the July 15th total of 86 shares. Based on an average trading volume of 114 shares, the days-to-cover ratio is currently 0.1 days.

Gores Holdings X Price Performance

NASDAQ GTENU traded down $0.20 on Wednesday, hitting $10.71. The stock had a trading volume of 2,273 shares, compared to its average volume of 3,944. The business’s fifty day moving average price is $10.64 and its 200 day moving average price is $10.52. Gores Holdings X has a 52-week low of $10.27 and a 52-week high of $10.90.

Institutional Investors Weigh In On Gores Holdings X

Large investors have recently bought and sold shares of the company. LMR Partners LLP purchased a new position in Gores Holdings X during the 2nd quarter worth approximately $7,273,000. Moore Capital Management LP acquired a new stake in shares of Gores Holdings X in the second quarter worth $12,728,000. Finally, Clear Street Group Inc. increased its stake in shares of Gores Holdings X by 381.9% in the fourth quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock worth $1,788,000 after acquiring an additional 135,192 shares during the period.

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.