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

Gores Holdings X, Inc. (NASDAQ:GTENU) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 243 shares, a growth of 3,950.0% from the July 30th total of 6 shares. Based on an average daily volume of 301 shares, the days-to-cover ratio is currently 0.8 days.

Gores Holdings X Trading Down 1.3%

NASDAQ:GTENU traded down $0.14 during mid-day trading on Tuesday, reaching $10.66. The company’s fifty day moving average is $10.68 and its 200 day moving average is $10.55. Gores Holdings X has a 52 week low of $10.27 and a 52 week high of $10.90.

Hedge Funds Weigh In On Gores Holdings X

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

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.