X3 Holdings Co., Ltd. (NASDAQ:XTKG) Sees Significant Increase in Short Interest

X3 Holdings Co., Ltd. (NASDAQ:XTKG) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 653,471 shares, a growth of 285.3% from the January 15th total of 169,614 shares. Based on an average daily volume of 97,546,885 shares, the days-to-cover ratio is currently 0.0 days. Approximately 37.6% of the shares of the company are sold short. Approximately 37.6% of the shares of the company are sold short. Based on an average daily volume of 97,546,885 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of X3

An institutional investor recently bought a new position in X3 stock. Yorkville Advisors Global LP bought a new stake in X3 Holdings Co., Ltd. (NASDAQ:XTKG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned about 0.13% of X3 as of its most recent SEC filing. Institutional investors own 1.85% of the company’s stock.

X3 Price Performance

Shares of NASDAQ:XTKG opened at $0.21 on Wednesday. X3 has a 1 year low of $0.11 and a 1 year high of $16.32. The company’s 50 day simple moving average is $3.13 and its 200 day simple moving average is $8.30.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on XTKG shares. Weiss Ratings restated a “sell (e+)” rating on shares of X3 in a research note on Monday, December 29th. Wall Street Zen cut shares of X3 to a “strong sell” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, X3 currently has a consensus rating of “Sell”.

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.