Gores Holdings X, Inc. (NASDAQ:GTENU – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6 shares, a decline of 93.0% from the July 15th total of 86 shares. Based on an average daily volume of 114 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of Gores Holdings X
A number of large investors have recently modified their holdings of the company. Clear Street Group Inc. boosted its stake in Gores Holdings X by 381.9% during the 4th quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock valued at $1,788,000 after purchasing an additional 135,192 shares during the period. LMR Partners LLP bought a new position in Gores Holdings X in the 2nd quarter worth about $7,273,000. Finally, Moore Capital Management LP acquired a new stake in shares of Gores Holdings X in the second quarter valued at approximately $12,728,000.
Gores Holdings X Price Performance
NASDAQ GTENU traded up $0.03 during trading hours on Tuesday, hitting $10.71. The company had a trading volume of 2,273 shares, compared to its average volume of 3,944. Gores Holdings X has a fifty-two week low of $10.27 and a fifty-two week high of $10.90. The business has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $10.52.
Gores Holdings X Company Profile
Gores Holdings X, Inc is a special purpose acquisition company (SPAC) incorporated as an exempted Cayman Islands company, formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, raising capital through the sale of units that each consist of one Class A ordinary share and one-half redeemable warrant. Gores Holdings X’s units trade under the ticker GTENU on the Nasdaq Global Market.
The company does not engage in any commercial operations of its own.
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