Short Interest in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Increases By 170.5%

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,745 shares, a growth of 170.5% from the May 14th total of 645 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 29,393 shares, the short-interest ratio is currently 0.1 days.

Gores Holdings X, Inc. / CI Stock Down 0.5%

GTEN traded down $0.05 during midday trading on Friday, reaching $10.37. 3,936 shares of the company were exchanged, compared to its average volume of 32,432. The company’s 50-day simple moving average is $10.34. Gores Holdings X, Inc. / CI has a one year low of $10.12 and a one year high of $10.53. The firm has a market cap of $467.43 million and a PE ratio of 74.07.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sona Asset Management US LLC bought a new stake in Gores Holdings X, Inc. / CI in the 1st quarter valued at $1,631,000. DLD Asset Management LP boosted its stake in Gores Holdings X, Inc. / CI by 6.5% in the 1st 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 during the period. Lineage Point Capital LP bought a new stake in shares of Gores Holdings X, Inc. / CI during the 4th quarter valued at $2,618,000. Virtu Financial LLC bought a new stake in shares of Gores Holdings X, Inc. / CI during the 4th quarter valued at $270,000. Finally, Rivernorth Capital Management LLC lifted its position in shares of 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 during the period.

Gores Holdings X, Inc. / CI Company Profile

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.