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

by · The Cerbat Gem

Gores Holdings X, Inc. / CI (NASDAQ:GTEN – Get Free Report) saw a large increase in short interest during 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. Based on an average daily volume of 139,462 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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.com, the stock currently has an average rating of “Sell”.

View Our Latest Report on Gores Holdings X, Inc. / CI

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI during the 4th quarter worth $5,556,000. Quarry LP grew its position in shares of Gores Holdings X, Inc. / CI by 23.0% in the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after purchasing an additional 11,506 shares during the last quarter. DLD Asset Management LP acquired a new stake in shares of Gores Holdings X, Inc. / CI in the fourth quarter valued at about $1,594,000. Westchester Capital Management LLC bought a new position in shares of Gores Holdings X, Inc. / CI in the fourth quarter worth about $5,300,000. Finally, Verition Fund Management LLC lifted its position in shares of Gores Holdings X, Inc. / CI by 9.8% during the 4th quarter. Verition Fund Management LLC now owns 779,270 shares of the company’s stock worth $8,019,000 after purchasing an additional 69,271 shares during the last quarter.

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

GTEN traded down $0.09 on Thursday, hitting $10.59. The company had a trading volume of 141,660 shares, 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 company’s fifty day moving average price is $10.52 and its 200 day moving average price is $10.39.

About Gores Holdings X, Inc. / CI

(Get Free Report)

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.

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