Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Update

Gores Holdings X, Inc. (NASDAQ:GTENU) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 6 shares, a drop 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 currently 0.1 days.

Gores Holdings X Stock Down 2.6%

GTENU stock traded down $0.28 on Thursday, hitting $10.62. 225 shares of the company’s stock were exchanged, compared to its average volume of 3,841. The firm has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $10.52. Gores Holdings X has a 12-month low of $10.27 and a 12-month high of $10.90.

Hedge Funds Weigh In On Gores Holdings X

Several hedge funds have recently modified their holdings of GTENU. Clear Street Group Inc. raised its position in shares of Gores Holdings X by 381.9% in the 4th quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock valued at $1,788,000 after purchasing an additional 135,192 shares during the last quarter. LMR Partners LLP purchased a new stake in Gores Holdings X during the 2nd quarter worth approximately $7,273,000. Finally, Moore Capital Management LP acquired a new position in Gores Holdings X during the 2nd quarter valued at approximately $12,728,000.

Gores Holdings X Company Profile

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.