X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Up 57.9% in December

X3 Holdings Co., Ltd. (NASDAQ:XTKG) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 542,457 shares, an increase of 57.9% from the December 15th total of 343,460 shares. Based on an average daily volume of 6,629,981 shares, the short-interest ratio is presently 0.1 days. Approximately 31.2% of the company’s shares are sold short. Approximately 31.2% of the company’s shares are sold short. Based on an average daily volume of 6,629,981 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XTKG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of X3 in a research report on Monday, December 29th. Wall Street Zen lowered X3 to a “strong sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

X3 Stock Down 3.9%

NASDAQ:XTKG opened at $0.14 on Friday. The business has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $9.53. X3 has a 1 year low of $0.12 and a 1 year high of $16.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Citadel Advisors LLC bought a new position in X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned about 0.23% of X3 at the end of the most recent quarter. 1.85% of the stock is owned by hedge funds and other institutional investors.

X3 Company Profile

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.