Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Update

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 867 shares, a drop of 63.4% from the April 15th total of 2,367 shares. Based on an average daily volume of 29,971 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Gores Holdings X, Inc. / CI Trading Down 0.1%

Shares of GTEN traded down $0.01 during mid-day trading on Thursday, hitting $10.35. The stock had a trading volume of 422,925 shares, compared to its average volume of 69,445. The company’s fifty day moving average price is $10.29. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.12 and a fifty-two week high of $10.53.

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) last announced its quarterly earnings results on Saturday, March 28th. The company reported $0.32 earnings per share (EPS) for the quarter.

Institutional Trading of Gores Holdings X, Inc. / CI

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter worth approximately $270,000. Sandia Investment Management LP lifted its holdings in shares of Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after purchasing an additional 11,506 shares during the last quarter. Quarry LP lifted its holdings in shares of Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after purchasing an additional 11,506 shares during the last quarter. DLD Asset Management LP bought a new stake in Gores Holdings X, Inc. / CI during the 4th quarter valued at $1,594,000. Finally, Rivernorth Capital Management LLC raised its stake in Gores Holdings X, Inc. / CI by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock valued at $2,037,000 after acquiring an additional 50,000 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Gores Holdings X, Inc. / CI in a research report on Friday, January 30th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gores Holdings X, Inc. / CI has a consensus rating of “Sell”.

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.