Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Stock Short Interest Declines 40.6%

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 840 shares, a drop of 40.6% from the September 30th total of 1,414 shares. Based on an average daily volume of 74,749 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Gores Holdings X, Inc. / CI

A number of large investors have recently added to or reduced their stakes in the stock. Lineage Point Capital LP boosted its holdings in Gores Holdings X, Inc. / CI by 5.9% in the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company’s stock worth $2,820,000 after buying an additional 15,000 shares during the period. DLD Asset Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 6.5% during the first quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock worth $1,695,000 after acquiring an additional 10,058 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in Gores Holdings X, Inc. / CI during the first quarter valued at about $1,631,000. SkyView Investment Advisors LLC purchased a new position in Gores Holdings X, Inc. / CI in the 2nd quarter worth approximately $1,565,000. Finally, Harraden Circle Investments LLC bought a new stake in Gores Holdings X, Inc. / CI during the 2nd quarter valued at $657,000.

Gores Holdings X, Inc. / CI Stock Up 0.1%

GTEN stock traded up $0.01 during mid-day trading on Monday, reaching $10.45. 3,300 shares of the company traded hands, compared to its average volume of 62,425. The firm’s 50 day moving average price is $10.50 and its 200 day moving average price is $10.41. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.21 and a fifty-two week high of $10.99. The stock has a market cap of $470.86 million, a price-to-earnings ratio of 74.61 and a beta of 0.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Gores Holdings X, Inc. / CI in a research report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses. Unlike a traditional operating company, it does not provide products or services directly to customers and was established primarily to pursue a business combination, such as a merger, acquisition or similar transaction.

The company’s activities have generally centered on evaluating potential target businesses, completing due diligence and negotiating a transaction intended to create a publicly traded operating company.