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

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

Institutional Inflows and Outflows

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

Gores Holdings X Stock Performance

GTENU traded down $0.14 on Tuesday, hitting $10.66. The firm has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $10.55. Gores Holdings X has a 52 week low of $10.27 and a 52 week high of $10.90.

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.