Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Up 404.4% in August

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

Institutional Trading of Gores Holdings X, Inc. / CI

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at about $270,000. Sandia Investment Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 23.0% during the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after acquiring an additional 11,506 shares in the last quarter. Quarry LP lifted its position in 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 Gores Holdings X, Inc. / CI during the second quarter valued at approximately $657,000. Finally, DLD Asset Management LP acquired a new stake in Gores Holdings X, Inc. / CI in the fourth quarter valued at approximately $1,594,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gores Holdings X, Inc. / CI presently has an average rating of “Sell”.

Gores Holdings X, Inc. / CI Stock Down 0.8%

Shares of NASDAQ GTEN traded down $0.09 during mid-day trading on Friday, reaching $10.59. 141,660 shares of the company were exchanged, compared to its average volume of 78,682. Gores Holdings X, Inc. / CI has a 1 year low of $10.15 and a 1 year high of $10.99. The firm has a 50-day moving average of $10.52 and a 200 day moving average of $10.39. The stock has a market cap of $477.40 million, a price-to-earnings ratio of 75.64 and a beta of 0.10.

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.