Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Sees Large Drop in Short Interest

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,526 shares, a decline of 34.6% from the June 30th total of 2,332 shares. Based on an average trading volume of 56,748 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Gores Holdings X, Inc. / CI Stock Up 0.1%

Shares of Gores Holdings X, Inc. / CI stock traded up $0.01 during trading on Friday, reaching $10.46. The company’s stock had a trading volume of 32,138 shares, compared to its average volume of 32,835. Gores Holdings X, Inc. / CI has a 12-month low of $10.12 and a 12-month high of $10.60. The firm has a market capitalization of $471.71 million and a P/E ratio of 74.75. The business’s 50 day simple moving average is $10.43.

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

Hedge Funds Weigh In On Gores Holdings X, Inc. / CI

A number of large investors have recently made changes to their positions in the stock. Harraden Circle Investments LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI in the fourth quarter valued at about $5,556,000. Quarry LP grew its position in Gores Holdings X, Inc. / CI by 23.0% during the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares during the period. DLD Asset Management LP acquired a new position in Gores Holdings X, Inc. / CI during the fourth quarter worth about $1,594,000. Westchester Capital Management LLC purchased a new position in Gores Holdings X, Inc. / CI in the fourth quarter valued at about $5,300,000. Finally, Verition Fund Management LLC increased its holdings in Gores Holdings X, Inc. / CI by 9.8% in the fourth quarter. Verition Fund Management LLC now owns 779,270 shares of the company’s stock valued at $8,019,000 after buying an additional 69,271 shares in the last 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.