Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Shares Shorted: Short Interest Down 40.6% in October

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 840 shares, a drop of 40.6% from the September 30th total of 1,414 shares. Based on an average daily trading volume, of 74,749 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Gores Holdings X, Inc. / CI in a research note on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Gores Holdings X, Inc. / CI

A number of hedge funds have recently added to or reduced their stakes in GTEN. Harraden Circle Investments LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI during the 2nd quarter worth approximately $657,000. SkyView Investment Advisors LLC purchased a new position in Gores Holdings X, Inc. / CI in the second quarter worth about $1,565,000. Sona Asset Management US LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the first quarter worth about $1,631,000. DLD Asset Management LP increased its stake in Gores Holdings X, Inc. / CI by 6.5% in the first quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock worth $1,695,000 after purchasing an additional 10,058 shares during the period. Finally, Lineage Point Capital LP increased its position in Gores Holdings X, Inc. / CI by 5.9% during the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company’s stock valued at $2,820,000 after buying an additional 15,000 shares in the last quarter.

Gores Holdings X, Inc. / CI Price Performance

NASDAQ:GTEN traded up $0.01 during mid-day trading on Friday, reaching $10.44. The stock had a trading volume of 3,300 shares, compared to its average volume of 62,644. Gores Holdings X, Inc. / CI has a 1-year low of $10.21 and a 1-year high of $10.99. The stock’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $10.41. The company has a market capitalization of $470.64 million, a price-to-earnings ratio of 74.57 and a beta of 0.13.

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses. Unlike a traditional operating company, it does not provide products or services directly to customers and was established primarily to pursue a business combination, such as a merger, acquisition or similar transaction.

The company’s activities have generally centered on evaluating potential target businesses, completing due diligence and negotiating a transaction intended to create a publicly traded operating company.