Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Short Interest Up 505.0% in February

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 611 shares, an increase of 505.0% from the January 29th total of 101 shares. Based on an average trading volume of 5,902 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 5,902 shares, the short-interest ratio is currently 0.1 days.

Churchill Capital Corp X/Cayman Stock Performance

CCCXU opened at $15.00 on Thursday. The stock’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $16.39. Churchill Capital Corp X/Cayman has a 1 year low of $10.22 and a 1 year high of $31.05.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Clear Street Group Inc. purchased a new stake in Churchill Capital Corp X/Cayman during the 3rd quarter valued at $51,000. Sandia Investment Management LP purchased a new position in shares of Churchill Capital Corp X/Cayman in the second quarter valued at about $206,000. Boothbay Fund Management LLC bought a new position in shares of Churchill Capital Corp X/Cayman during the second quarter valued at about $258,000. Levin Capital Strategies L.P. purchased a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter worth about $317,000. Finally, Clear Street LLC purchased a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter worth about $543,000.

About Churchill Capital Corp X/Cayman

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.