Short Interest in Gores Holdings X, Inc. (NASDAQ:GTENU) Grows By 344.6%

by · The Markets Daily

Gores Holdings X, Inc. (NASDAQ:GTENU – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 409 shares, an increase of 344.6% from the December 31st total of 92 shares. Based on an average daily volume of 3,868 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 3,868 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GTENU. Clear Street Group Inc. bought a new stake in Gores Holdings X during the third quarter valued at $366,000. Clear Street LLC bought a new stake in shares of Gores Holdings X in the 2nd quarter valued at $745,000. HBK Investments L P acquired a new position in shares of Gores Holdings X during the 2nd quarter valued at $5,195,000. Calamos Advisors LLC acquired a new stake in Gores Holdings X in the second quarter worth $7,273,000. Finally, LMR Partners LLP acquired a new position in shares of Gores Holdings X during the second quarter valued at about $7,273,000.

Gores Holdings X Trading Up 0.9%

Shares of NASDAQ GTENU traded up $0.09 during trading on Thursday, reaching $10.40. The company had a trading volume of 600 shares, compared to its average volume of 9,750. The company’s fifty day moving average price is $10.47 and its 200-day moving average price is $10.47. Gores Holdings X has a 12 month low of $10.07 and a 12 month high of $11.32.

About Gores Holdings X

(Get Free Report)

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.

Featured Articles