Churchill Capital Corp XI (NASDAQ:CCXI) Short Interest Up 107.6% in July

by · The Markets Daily

Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 2,096,192 shares, an increase of 107.6% from the July 15th total of 1,009,940 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 2,497,548 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Churchill Capital Corp XI in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Research Report on CCXI

Churchill Capital Corp XI Price Performance

Shares of CCXI traded up $0.88 during midday trading on Friday, hitting $17.07. 3,236,938 shares of the stock traded hands, compared to its average volume of 1,401,990. The company’s 50 day simple moving average is $14.19. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -9.03 and a beta of 1.22. Churchill Capital Corp XI has a 1-year low of $10.07 and a 1-year high of $19.69.

Churchill Capital Corp XI Company Profile

(Get Free Report)

Churchill Capital Corp XI is a blank check company.

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