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

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the recipient of a large growth in short interest in the month of 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 trading 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 mid-day trading on Friday, reaching $10.37. The company had a trading volume of 3,936 shares, compared to its average volume of 32,432. Gores Holdings X, Inc. / CI has a one year low of $10.12 and a one year high of $10.53. The company has a 50-day moving average price of $10.34. The firm has a market cap of $467.48 million and a price-to-earnings ratio of 74.07.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sona Asset Management US LLC purchased a new position in shares of Gores Holdings X, Inc. / CI during the 1st quarter valued at $1,631,000. DLD Asset Management LP grew its position in Gores Holdings X, Inc. / CI by 6.5% during the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock worth $1,695,000 after acquiring an additional 10,058 shares during the last quarter. Lineage Point Capital LP purchased a new stake in Gores Holdings X, Inc. / CI in the 4th quarter worth approximately $2,618,000. Virtu Financial LLC purchased a new position in shares of Gores Holdings X, Inc. / CI in the 4th quarter valued at approximately $270,000. Finally, Rivernorth Capital Management LLC increased its position in Gores Holdings X, Inc. / CI by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock valued at $2,037,000 after buying an additional 50,000 shares in the last quarter.

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.