Gores Holdings X, Inc. (NASDAQ:GTENU) Short Interest Up 65.4% in July

Gores Holdings X, Inc. (NASDAQ:GTENU) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 86 shares, a growth of 65.4% from the June 30th total of 52 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Gores Holdings X

Large investors have recently made changes to their positions in the stock. Clear Street Group Inc. grew its holdings in shares of Gores Holdings X by 381.9% in the fourth quarter. Clear Street Group Inc. now owns 170,592 shares of the company’s stock worth $1,788,000 after purchasing an additional 135,192 shares during the last quarter. LMR Partners LLP bought a new stake in Gores Holdings X during the 2nd quarter valued at about $7,273,000. Finally, Moore Capital Management LP bought a new stake in Gores Holdings X during the 2nd quarter valued at about $12,728,000.

Gores Holdings X Stock Performance

Gores Holdings X stock remained flat at $10.68 during mid-day trading on Friday. The business has a fifty day moving average of $10.61 and a two-hundred day moving average of $10.51. Gores Holdings X has a twelve month low of $10.27 and a twelve month high of $11.32.

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.