Technology partners

Gores Technology Partners, Inc. (NASDAQ: GTPA) Short Interest Up 16.9% in July


Gores Technology Partners, Inc. (NASDAQ: GTPAGet a rating) recorded a significant increase in short-term interest in July. As of July 15, there was short interest totaling 9,700 shares, an increase of 16.9% from the June 30 total of 8,300 shares. Based on an average daily trading volume of 57,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the stock’s shares are sold short.

Hedge funds weigh on Gores’ technology partners

Hedge funds have recently increased or reduced their stakes in the company. Lynwood Capital Management Inc. bought a new position in Gores Technology Partners in the first quarter worth approximately $49,000. Cheyne Capital Management UK LLP bought a new position in Gores Technology Partners in the first quarter worth approximately $147,000. Cantor Fitzgerald LP bought a new position in Gores Technology Partners in the first quarter worth approximately $152,000. Myriad Asset Management US LP bought a new position in Gores Technology Partners in the second quarter, valued at around $196,000. Finally, Exos Asset Management LLC increased its stake in Gores Technology Partners by 1,459.4% in the fourth quarter. Exos Asset Management LLC now owns 40,232 shares of the company valued at $396,000 after acquiring an additional 37,652 shares in the last quarter. Institutional investors hold 63.37% of the company’s shares.

Gores Technology Partners Stock Performance

Shares of NASDAQ: GTPA opened at $9.82 on Friday. The company has a fifty-day moving average of $9.80 and a 200-day moving average of $9.78. Gores Technology Partners has a 12-month low of $9.67 and a 12-month high of $10.00.

About Gores Technology Partners

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Gores Technology Partners, Inc. has no significant activities. The Company is focused on completing a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with a or more companies. It intends to focus on technology businesses in consumer internet, enterprise software, fintech, digital health, proptech, gaming, agtech and logistic.

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