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

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 181,128 shares, a decline of 72.3% from the January 29th total of 653,471 shares. Based on an average daily trading volume, of 44,884,745 shares, the short-interest ratio is currently 0.0 days. Approximately 10.4% of the shares of the company are sold short. Approximately 10.4% of the shares of the company are sold short. Based on an average daily trading volume, of 44,884,745 shares, the short-interest ratio is currently 0.0 days.

X3 Trading Down 13.0%

NASDAQ:XTKG opened at $0.06 on Thursday. The business’s 50-day moving average is $0.94 and its 200 day moving average is $7.45. X3 has a 12 month low of $0.06 and a 12 month high of $16.32.

Analyst Ratings Changes

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

Institutional Investors Weigh In On X3

A hedge fund recently bought a new stake in X3 stock. Yorkville Advisors Global LP acquired a new stake in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned 0.13% of X3 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.85% of the company’s stock.

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.