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

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,418 shares, a decline of 79.5% from the August 31st total of 6,904 shares. Based on an average daily volume of 2,064 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Gores Holdings X, Inc. / CI Stock Down 0.4%

NASDAQ GTEN traded down $0.04 during midday trading on Friday, hitting $10.45. The company had a trading volume of 2,153 shares, compared to its average volume of 1,385. The firm has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.42. Gores Holdings X, Inc. / CI has a fifty-two week low of $10.19 and a fifty-two week high of $10.99. The stock has a market cap of $471.03 million, a price-to-earnings ratio of 74.64 and a beta of 0.11.

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

Institutional investors have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI in the 2nd quarter valued at approximately $657,000. SkyView Investment Advisors LLC bought a new stake in shares of Gores Holdings X, Inc. / CI during the second quarter valued at approximately $1,565,000. Sona Asset Management US LLC bought a new stake in shares of Gores Holdings X, Inc. / CI during the first quarter valued at approximately $1,631,000. DLD Asset Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 6.5% in the first quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Lineage Point Capital LP acquired a new position in shares of Gores Holdings X, Inc. / CI in the fourth quarter valued at $2,618,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Gores Holdings X, Inc. / CI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gores Holdings X, Inc. / CI presently has an average 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 businesses through a merger, stock purchase, or similar transaction. Unlike an operating company, it does not have an established line of products or services and generally has no commercial operations before completing a business combination.

The company was sponsored by an affiliate of The Gores Group, an investment firm founded by Alec Gores. Its acquisition strategy was not limited to a specific industry or geography, allowing it to evaluate potential targets in a range of sectors and markets.