Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Sees Large Growth in Short Interest

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,500 shares, an increase of 685.7% from the August 31st total of 700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Churchill Capital Corp X/Cayman Trading Up 2.2%

Shares of CCCXU opened at $14.20 on Friday. The stock’s fifty day moving average price is $11.12. Churchill Capital Corp X/Cayman has a 12-month low of $10.22 and a 12-month high of $14.75.

Institutional Trading of Churchill Capital Corp X/Cayman

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tuttle Capital Management LLC acquired a new stake in shares of Churchill Capital Corp X/Cayman during the 2nd quarter worth approximately $206,000. Sandia Investment Management LP bought a new stake in Churchill Capital Corp X/Cayman in the second quarter valued at $206,000. Boothbay Fund Management LLC bought a new stake in Churchill Capital Corp X/Cayman in the second quarter valued at $258,000. Levin Capital Strategies L.P. bought a new stake in Churchill Capital Corp X/Cayman in the second quarter valued at $317,000. Finally, Clear Street LLC bought a new stake in Churchill Capital Corp X/Cayman in the second quarter valued at $543,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Churchill Capital Corp X/Cayman to a “hold” rating in a research note on Saturday, June 7th.

About Churchill Capital Corp X/Cayman

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.