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

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 1,526 shares, a drop of 34.6% from the June 30th total of 2,332 shares. Based on an average daily volume of 56,748 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

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

Shares of GTEN opened at $10.46 on Friday. Gores Holdings X, Inc. / CI has a 12-month low of $10.12 and a 12-month high of $10.60. The firm has a market capitalization of $471.76 million and a price-to-earnings ratio of 74.75. The firm’s fifty day moving average price is $10.44.

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

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

A number of institutional investors and hedge funds have recently modified their holdings of GTEN. Sona Asset Management US LLC acquired a new position in Gores Holdings X, Inc. / CI in the first quarter valued at approximately $1,631,000. DLD Asset Management LP raised its position in shares of Gores Holdings X, Inc. / CI by 6.5% during the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after acquiring an additional 10,058 shares during the last quarter. Lineage Point Capital LP bought a new stake in shares of Gores Holdings X, Inc. / CI during the 4th quarter valued at $2,618,000. Virtu Financial LLC acquired a new position in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at $270,000. Finally, Rivernorth Capital Management LLC lifted its stake in shares of Gores Holdings X, Inc. / CI by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock valued at $2,037,000 after purchasing an additional 50,000 shares during the period.

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.