Short Interest in Churchill Capital Corp IX (NASDAQ:CCIX) Rises By 9,468.9%

Churchill Capital Corp IX (NASDAQ:CCIX) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,806,381 shares, a growth of 9,468.9% from the June 30th total of 29,328 shares. Based on an average daily volume of 1,181,999 shares, the days-to-cover ratio is currently 2.4 days. Approximately 9.8% of the company’s shares are sold short.

Institutional Trading of Churchill Capital Corp IX

Hedge funds have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in shares of Churchill Capital Corp IX by 88.0% in the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock valued at $28,724,000 after purchasing an additional 1,264,688 shares in the last quarter. Berkley W R Corp boosted its position in shares of Churchill Capital Corp IX by 2,241.9% during the 4th quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after acquiring an additional 896,205 shares in the last quarter. Crossingbridge Advisors LLC acquired a new position in Churchill Capital Corp IX in the fourth quarter valued at approximately $4,774,000. Meteora Capital LLC boosted its holdings in shares of Churchill Capital Corp IX by 105.7% in the 3rd quarter. Meteora Capital LLC now owns 668,024 shares of the company’s stock valued at $7,001,000 after buying an additional 343,339 shares in the last quarter. Finally, Verbena Value LP acquired a new position in Churchill Capital Corp IX in the fourth quarter valued at $2,986,000.

Churchill Capital Corp IX Stock Up 0.1%

NASDAQ:CCIX opened at $10.88 on Friday. The company has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $10.74. The company has a market cap of $398.86 million, a price-to-earnings ratio of 57.27 and a beta of -0.05. Churchill Capital Corp IX has a 52 week low of $10.45 and a 52 week high of $11.32.

Churchill Capital Corp IX (NASDAQ:CCIX) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Churchill Capital Corp IX to a “sell” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.