Short Interest in Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Grows By 2,583.3%

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,610 shares, a growth of 2,583.3% from the May 31st total of 60 shares. Based on an average daily volume of 1,149 shares, the short-interest ratio is currently 1.4 days.

Churchill Capital Corp IX/Cayman Stock Up 2.1%

Churchill Capital Corp IX/Cayman stock traded up $0.23 during midday trading on Thursday, reaching $11.23. 675 shares of the company traded hands, compared to its average volume of 3,598. Churchill Capital Corp IX/Cayman has a 12 month low of $10.50 and a 12 month high of $14.00. The business has a 50 day moving average of $10.89 and a two-hundred day moving average of $10.75.

Institutional Investors Weigh In On Churchill Capital Corp IX/Cayman

An institutional investor recently bought a new stake in Churchill Capital Corp IX/Cayman stock. Clear Street Group Inc. purchased a new position in Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,357 shares of the company’s stock, valued at approximately $68,000.

About Churchill Capital Corp IX/Cayman

Churchill Capital Corp IX/Cayman (NASDAQ: CCIXU) is a special purpose acquisition company (SPAC) organized under the laws of the Cayman Islands. The blank-check company’s primary objective is to effect a business combination with one or more operating businesses or assets, with a particular focus on sectors positioned for rapid growth and innovation. Units of the SPAC trade publicly on the NASDAQ under the ticker CCIXU, providing investors with exposure to its search for an attractive merger candidate.

Sponsored by Churchill Capital Corp, the SPAC series founded and led by Michael Klein—formerly a senior investment banker at Citigroup—Churchill Capital Corp IX aims to leverage its sponsors’ capital markets expertise and industry relationships.