Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Short Interest Update

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 867 shares, a decline of 63.4% from the April 15th total of 2,367 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 29,971 shares, the days-to-cover ratio is presently 0.0 days.

Gores Holdings X, Inc. / CI Stock Performance

Shares of GTEN stock remained flat at $10.36 during trading on Friday. The company had a trading volume of 422,925 shares, compared to its average volume of 37,759. The company has a 50 day moving average of $10.29. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.12 and a fifty-two week high of $10.53.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Gores Holdings X, Inc. / CI in a research report on Friday, January 30th. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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

Several institutional investors have recently made changes to their positions in GTEN. Fort Baker Capital Management LP boosted its stake in shares of Gores Holdings X, Inc. / CI by 67.4% in the fourth quarter. Fort Baker Capital Management LP now owns 1,423,190 shares of the company’s stock valued at $14,588,000 after buying an additional 573,190 shares during the period. Harraden Circle Investments LLC bought a new stake in Gores Holdings X, Inc. / CI during the fourth quarter worth $5,556,000. Westchester Capital Management LLC bought a new stake in Gores Holdings X, Inc. / CI during the fourth quarter worth $5,300,000. Governors Lane LP lifted its stake in Gores Holdings X, Inc. / CI by 91.2% during the fourth quarter. Governors Lane LP now owns 672,658 shares of the company’s stock worth $6,895,000 after purchasing an additional 320,858 shares during the last quarter. Finally, Lineage Point Capital LP bought a new stake in Gores Holdings X, Inc. / CI during the fourth quarter worth $2,618,000.

Gores Holdings X, Inc. / CI Company Profile

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.