Short Interest in X3 Holdings Co., Ltd. (NASDAQ:XTKG) Decreases By 68.7%

X3 Holdings Co., Ltd. (NASDAQ:XTKG) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 169,614 shares, a decrease of 68.7% from the December 31st total of 542,457 shares. Approximately 9.7% of the company’s stock are sold short. Based on an average daily volume of 3,403,453 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 3,403,453 shares, the short-interest ratio is currently 0.0 days. Approximately 9.7% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research firms recently weighed in on XTKG. Wall Street Zen cut shares of X3 to a “strong sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of X3 in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, X3 currently has an average rating of “Sell”.

Institutional Investors Weigh In On X3

A hedge fund recently bought a new stake in X3 stock. Citadel Advisors LLC acquired a new stake in X3 Holdings Co., Ltd. (NASDAQ:XTKG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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. Institutional investors own 1.85% of the company’s stock.

X3 Stock Performance

NASDAQ XTKG opened at $0.60 on Wednesday. X3 has a 52-week low of $0.11 and a 52-week high of $16.32. The company has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $9.02.

About X3

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.