Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Update

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

Institutional Trading of Gores Holdings X, Inc. / CI

A number of hedge funds have recently added to or reduced their stakes in the stock. DLD Asset Management LP lifted its position in Gores Holdings X, Inc. / CI by 6.5% during the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock worth $1,695,000 after acquiring an additional 10,058 shares during the period. Sandia Investment Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 23.0% during the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares in the last quarter. Quarry LP raised its stake in shares of Gores Holdings X, Inc. / CI by 23.0% during the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of Gores Holdings X, Inc. / CI by 7.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 302,917 shares of the company’s stock worth $3,105,000 after buying an additional 20,194 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Gores Holdings X, Inc. / CI during the 4th quarter worth approximately $270,000.

Gores Holdings X, Inc. / CI Stock Performance

Shares of NASDAQ GTEN traded down $0.05 during trading hours on Friday, reaching $10.37. The stock had a trading volume of 3,936 shares, compared to its average volume of 32,432. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.12 and a fifty-two week high of $10.53. The business’s 50-day simple moving average is $10.34. The stock has a market capitalization of $467.43 million and a price-to-earnings ratio of 74.07.

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

About Gores Holdings X, Inc. / CI

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.