Gores Holdings X, Inc. (NASDAQ:GTENU) Sees Large Growth in Short Interest

Gores Holdings X, Inc. (NASDAQ:GTENU) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 86 shares, a growth of 65.4% from the June 30th total of 52 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Gores Holdings X

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

Gores Holdings X Price Performance

NASDAQ:GTENU opened at $10.68 on Friday. Gores Holdings X has a twelve month low of $10.27 and a twelve month high of $11.32. The stock’s 50 day moving average price is $10.61 and its two-hundred day moving average price is $10.51.

About Gores Holdings X

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.