Gores Holdings X, Inc. (NASDAQ:GTENU – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 97 shares, a drop of 59.6% from the August 31st total of 240 shares. Based on an average daily trading volume, of 313 shares, the short-interest ratio is currently 0.3 days.
Gores Holdings X Price Performance
Gores Holdings X stock remained flat at $10.65 during midday trading on Tuesday. Gores Holdings X has a 1 year low of $10.27 and a 1 year high of $10.90. The firm’s 50 day moving average price is $10.68 and its two-hundred day moving average price is $10.58.
Institutional Trading of Gores Holdings X
An institutional investor recently raised its stake in Gores Holdings X stock. Clear Street Group Inc. raised its stake in shares of Gores Holdings X, Inc. (NASDAQ:GTENU – Free Report) by 381.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,592 shares of the company’s stock after purchasing an additional 135,192 shares during the quarter. Clear Street Group Inc.’s holdings in Gores Holdings X were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
About Gores Holdings X
Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting commercial operations of its own, the company was established to pursue a merger, acquisition, stock purchase, reorganization or similar transaction.
At the time of its public offering, Gores Holdings X expected to evaluate businesses across a range of industries and geographies. Its activities were primarily focused on sourcing a suitable target, conducting due diligence and negotiating transaction terms, subject to approval by shareholders and other customary conditions.
The company was sponsored by an affiliate of The Gores Group, an investment firm associated with entrepreneur Alec Gores.
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