Short Interest in Gores Holdings X, Inc. (NASDAQ:GTENU) Drops By 93.0%

by · The Cerbat Gem

Gores Holdings X, Inc. (NASDAQ:GTENU – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 6 shares, a decrease of 93.0% from the July 15th total of 86 shares. Based on an average daily volume of 114 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Gores Holdings X

Several large investors have recently bought and sold shares of the stock. Clear Street Group Inc. raised its holdings in Gores Holdings X by 381.9% during the fourth quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock worth $1,788,000 after purchasing an additional 135,192 shares in the last quarter. LMR Partners LLP bought a new position in Gores Holdings X during the 2nd quarter valued at $7,273,000. Finally, Moore Capital Management LP bought a new position in Gores Holdings X during the 2nd quarter valued at $12,728,000.

Gores Holdings X Price Performance

Shares of GTENU traded up $0.03 during trading hours on Tuesday, reaching $10.71. 2,273 shares of the company’s stock traded hands, compared to its average volume of 3,944. Gores Holdings X has a twelve month low of $10.27 and a twelve month high of $10.90. The business’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $10.52.

Gores Holdings X Company Profile

(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.

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