Churchill Capital Corp XII Units (NASDAQ:CXIIU) Sees Significant Drop in Short Interest

Churchill Capital Corp XII Units (NASDAQ:CXIIU) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 908 shares, a drop of 87.9% from the July 15th total of 7,498 shares. Based on an average daily volume of 1,348 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Churchill Capital Corp XII Units to a “hold” rating in a research report on Saturday, May 2nd.

Churchill Capital Corp XII Units Stock Performance

Shares of CXIIU traded up $0.25 during mid-day trading on Friday, hitting $11.15. 3,383 shares of the company’s stock traded hands, compared to its average volume of 66,398. The business has a 50-day simple moving average of $10.65. Churchill Capital Corp XII Units has a 1 year low of $10.08 and a 1 year high of $11.40.