Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Update

Gores Holdings X, Inc. (NASDAQ:GTENU) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 97 shares, a decrease of 59.6% from the August 31st total of 240 shares. Based on an average daily trading volume, of 313 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Gores Holdings X stock. Clear Street Group Inc. lifted its position in Gores Holdings X, Inc. (NASDAQ:GTENU) by 381.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Gores Holdings X Price Performance

Shares of NASDAQ:GTENU remained flat at $10.65 during trading on Monday. Gores Holdings X has a 12-month low of $10.27 and a 12-month high of $10.90. The firm’s 50-day simple moving average is $10.69 and its two-hundred day simple moving average is $10.57.

Gores Holdings X Company Profile

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.