Gores Holdings X, Inc. / CI (NASDAQ:GTEN – Get Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 867 shares, a decline of 63.4% from the April 15th total of 2,367 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 29,971 shares, the short-interest ratio is currently 0.0 days.
Analyst Ratings Changes
Separately, Weiss Ratings initiated coverage on Gores Holdings X, Inc. / CI in a research note on Friday, January 30th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Gores Holdings X, Inc. / CI
Gores Holdings X, Inc. / CI Price Performance
Gores Holdings X, Inc. / CI (NASDAQ:GTEN – Get Free Report) last posted its quarterly earnings data on Saturday, March 28th. The company reported $0.32 EPS for the quarter.
Institutional Trading of Gores Holdings X, Inc. / CI
Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter worth $270,000. Sandia Investment Management LP raised its stake in shares of Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Sandia Investment Management LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares in the last quarter. Quarry LP raised its stake in shares of Gores Holdings X, Inc. / CI by 23.0% in the 4th quarter. Quarry LP now owns 61,632 shares of the company’s stock worth $632,000 after buying an additional 11,506 shares in the last quarter. DLD Asset Management LP bought a new stake in shares of Gores Holdings X, Inc. / CI in the 4th quarter worth $1,594,000. Finally, Rivernorth Capital Management LLC raised its stake in shares of Gores Holdings X, Inc. / CI by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 198,748 shares of the company’s stock worth $2,037,000 after buying an additional 50,000 shares in the last quarter.
About Gores Holdings X, Inc. / CI
Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank‑check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.
Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.
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