Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Stock Short Interest Report for October

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

Gores Holdings X, Inc. / CI Stock Up 0.0%

Shares of GTEN stock traded up $0.01 during trading hours on Tuesday, hitting $10.44. 113,253 shares of the company’s stock traded hands, compared to its average volume of 62,033. The stock’s fifty day simple moving average is $10.49 and its two-hundred day simple moving average is $10.41. Gores Holdings X, Inc. / CI has a 12-month low of $10.21 and a 12-month high of $10.99. The stock has a market cap of $470.36 million, a price-to-earnings ratio of 74.54 and a beta of 0.13.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Calamos Advisors LLC purchased a new position in Gores Holdings X, Inc. / CI in the 3rd quarter worth about $7,315,000. Sona Asset Management US LLC purchased a new stake in shares of Gores Holdings X, Inc. / CI during the 1st quarter valued at about $1,631,000. SkyView Investment Advisors LLC bought a new position in shares of Gores Holdings X, Inc. / CI in the 2nd quarter worth approximately $1,565,000. Harraden Circle Investments LLC bought a new position in shares of Gores Holdings X, Inc. / CI in the 2nd quarter worth approximately $657,000. Finally, Lineage Point Capital LP boosted its holdings in shares of Gores Holdings X, Inc. / CI by 5.9% in the second 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 last quarter.

Wall Street Analyst Weigh In

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

About Gores Holdings X, Inc. / CI

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.