Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Up 3,950.0% in August

Gores Holdings X, Inc. (NASDAQ:GTENU) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 243 shares, an increase of 3,950.0% from the July 30th total of 6 shares. Based on an average daily trading volume, of 301 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LMR Partners LLP bought a new position in Gores Holdings X in the second quarter worth $7,273,000. Moore Capital Management LP acquired a new stake in Gores Holdings X during the second quarter worth $12,728,000. Finally, Clear Street Group Inc. increased its holdings in Gores Holdings X by 381.9% in the 4th quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock valued at $1,788,000 after buying an additional 135,192 shares during the period.

Gores Holdings X Stock Down 1.3%

Gores Holdings X stock opened at $10.66 on Wednesday. The business has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $10.55. Gores Holdings X has a 12 month low of $10.27 and a 12 month high of $10.90.

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.