Short Interest in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Increases By 170.5%

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,745 shares, a growth of 170.5% from the May 14th total of 645 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 29,393 shares, the short-interest ratio is presently 0.1 days.

Gores Holdings X, Inc. / CI Stock Performance

Shares of NASDAQ:GTEN traded down $0.05 during trading on Friday, hitting $10.37. 3,936 shares of the company’s stock were exchanged, compared to its average volume of 32,432. Gores Holdings X, Inc. / CI has a 52-week low of $10.12 and a 52-week high of $10.53. The firm has a 50-day moving average of $10.34. The firm has a market capitalization of $467.48 million and a P/E ratio of 74.07.

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

Institutional Trading of Gores Holdings X, Inc. / CI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Baker Capital Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 67.4% during 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 buying an additional 573,190 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI in the fourth quarter valued at approximately $5,556,000. Westchester Capital Management LLC acquired a new position in Gores Holdings X, Inc. / CI during the fourth quarter worth $5,300,000. Governors Lane LP lifted its stake in Gores Holdings X, Inc. / CI by 91.2% during the fourth quarter. Governors Lane LP now owns 672,658 shares of the company’s stock worth $6,895,000 after purchasing an additional 320,858 shares in the last quarter. Finally, Lineage Point Capital LP purchased a new stake in shares of Gores Holdings X, Inc. / CI during the fourth quarter worth $2,618,000.

About Gores Holdings X, Inc. / CI

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.