Short Interest in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Decreases By 63.4%

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 867 shares, a decline of 63.4% from the April 15th total of 2,367 shares. Based on an average trading volume of 29,971 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Gores Holdings X, Inc. / CI in a research note on Friday, January 30th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gores Holdings X, Inc. / CI currently has an average rating of “Sell”.

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

Several large investors have recently modified their holdings of GTEN. Fort Baker Capital Management LP grew its stake in shares of Gores Holdings X, Inc. / CI by 67.4% in the 4th quarter. Fort Baker Capital Management LP now owns 1,423,190 shares of the company’s stock valued at $14,588,000 after purchasing an additional 573,190 shares during the period. Harraden Circle Investments LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at approximately $5,556,000. Westchester Capital Management LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at approximately $5,300,000. Governors Lane LP grew its stake in shares of Gores Holdings X, Inc. / CI by 91.2% in the 4th quarter. Governors Lane LP now owns 672,658 shares of the company’s stock valued at $6,895,000 after purchasing an additional 320,858 shares during the period. Finally, Lineage Point Capital LP bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at approximately $2,618,000.

Gores Holdings X, Inc. / CI Price Performance

GTEN remained flat at $10.36 on Friday. The company had a trading volume of 422,925 shares, compared to its average volume of 58,746. Gores Holdings X, Inc. / CI has a 1 year low of $10.12 and a 1 year high of $10.53. The firm has a 50 day simple moving average of $10.29.

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

Gores Holdings X, Inc. / CI Company Profile

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.