X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Update

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 52,137 shares, an increase of 225.7% from the March 15th total of 16,008 shares. Based on an average daily trading volume, of 99,003 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XTKG. Wall Street Zen raised X3 to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of X3 in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Citadel Advisors LLC purchased a new position in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned 0.23% of X3 as of its most recent SEC filing. 1.85% of the stock is currently owned by institutional investors.

X3 Price Performance

Shares of X3 stock opened at $0.59 on Friday. X3 has a fifty-two week low of $0.04 and a fifty-two week high of $16.32. The business’s fifty day moving average is $2.70 and its two-hundred day moving average is $140.55.

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.