Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Stock Short Interest Report for October

Key Points

• Short interest fell sharply: GTEN’s short interest dropped 40.6% to 840 shares as of October 15, representing approximately 0.0% of shares outstanding.
• Institutional ownership increased: Several hedge funds expanded their positions, while Sona Asset Management, SkyView Investment Advisors, and Harraden Circle Investments established new stakes.
• Shares remained nearly flat amid a bearish outlook: GTEN traded at $10.44, while Weiss Ratings maintained a “sell” rating and MarketBeat reported a consensus “Sell” rating.

Gores Holdings X, Inc. / CI (NASDAQ:GTEN - Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 840 shares, a decrease 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. Approximately 0.0% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GTEN. Lineage Point Capital LP grew its holdings in Gores Holdings X, Inc. / CI by 5.9% in the 2nd quarter. Lineage Point Capital LP now owns 270,329 shares of the company's stock worth $2,820,000 after buying an additional 15,000 shares in the last quarter. DLD Asset Management LP boosted its holdings in Gores Holdings X, Inc. / CI by 6.5% during the first quarter. DLD Asset Management LP now owns 165,559 shares of the company's stock valued at $1,695,000 after purchasing an additional 10,058 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of Gores Holdings X, Inc. / CI during the first quarter worth approximately $1,631,000. SkyView Investment Advisors LLC acquired a new position in Gores Holdings X, Inc. / CI in the second quarter valued at about $1,565,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Gores Holdings X, Inc. / CI during the second quarter worth $657,000.

Gores Holdings X, Inc. / CI Stock Up 0.1%

GTEN stock traded up $0.01 during trading on Friday, hitting $10.44. 3,300 shares of the company's stock traded hands, compared to its average volume of 62,644. The firm has a market capitalization of $470.64 million, a P/E ratio of 74.57 and a beta of 0.13. The business has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.41. Gores Holdings X, Inc. / CI has a 1 year low of $10.21 and a 1 year high of $10.99.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Gores Holdings X, Inc. / CI in a research report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Gores Holdings X, Inc. / CI presently has a consensus rating of "Sell".

Gores Holdings X, Inc. / CI Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.