Gores Holdings X, Inc. (NASDAQ:GTENU – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 57 shares, a drop of 14.9% from the January 29th total of 67 shares. Based on an average daily volume of 331 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 331 shares, the short-interest ratio is currently 0.2 days.
Gores Holdings X Trading Down 3.0%
NASDAQ GTENU opened at $10.48 on Friday. Gores Holdings X has a 12 month low of $10.07 and a 12 month high of $11.32. The stock has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $10.47.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Clear Street Group Inc. acquired a new stake in Gores Holdings X in the third quarter worth $366,000. Clear Street LLC bought a new position in Gores Holdings X during the second quarter worth about $745,000. HBK Investments L P acquired a new position in Gores Holdings X in the second quarter valued at about $5,195,000. Calamos Advisors LLC bought a new stake in shares of Gores Holdings X in the second quarter worth about $7,273,000. Finally, LMR Partners LLP acquired a new stake in shares of Gores Holdings X during the second quarter worth about $7,273,000.
About Gores Holdings X
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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