Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Up 404.4% in August

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,824 shares, an increase of 404.4% from the July 30th total of 1,353 shares. Based on an average daily volume of 139,462 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI during the 4th quarter worth $5,556,000. Quarry LP grew its position in shares of Gores Holdings X, Inc. / CI by 23.0% in the fourth quarter. Quarry LP now owns 61,632 shares of the company’s stock valued at $632,000 after purchasing an additional 11,506 shares during the last quarter. DLD Asset Management LP acquired a new stake in shares of Gores Holdings X, Inc. / CI in the fourth quarter valued at about $1,594,000. Westchester Capital Management LLC bought a new position in shares of Gores Holdings X, Inc. / CI in the fourth quarter worth about $5,300,000. Finally, Verition Fund Management LLC lifted its position in shares of Gores Holdings X, Inc. / CI by 9.8% during the 4th quarter. Verition Fund Management LLC now owns 779,270 shares of the company’s stock worth $8,019,000 after purchasing an additional 69,271 shares during the last quarter.

Gores Holdings X, Inc. / CI Stock Down 0.8%

GTEN traded down $0.09 on Thursday, hitting $10.59. The company had a trading volume of 141,660 shares, compared to its average volume of 78,682. Gores Holdings X, Inc. / CI has a 1-year low of $10.15 and a 1-year high of $10.99. The company’s fifty day moving average price is $10.52 and its 200 day moving average price is $10.39.

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.