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

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

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gores Holdings X, Inc. / CI has a consensus rating of “Sell”.

Institutional Investors Weigh In On Gores Holdings X, Inc. / CI

Several large investors have recently made changes to their positions in GTEN. Virtu Financial LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI during the fourth quarter worth $270,000. Sandia Investment Management LP boosted its stake in Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after purchasing an additional 11,506 shares during the period. Quarry LP boosted its stake in Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after purchasing an additional 11,506 shares during the period. DLD Asset Management LP bought a new position in Gores Holdings X, Inc. / CI during the 4th quarter worth about $1,594,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI in the 1st quarter valued at about $1,631,000.

Gores Holdings X, Inc. / CI Price Performance

NASDAQ:GTEN opened at $10.46 on Friday. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.12 and a fifty-two week high of $10.60. The company has a market cap of $471.76 million and a PE ratio of 74.75. The company’s 50-day simple moving average is $10.44.

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