Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,096,192 shares, a growth of 107.6% from the July 15th total of 1,009,940 shares. Based on an average daily trading volume, of 2,497,548 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.9% of the shares of the company are short sold.
Churchill Capital Corp XI Price Performance
Shares of NASDAQ:CCXI traded up $0.88 during trading on Friday, reaching $17.07. The company had a trading volume of 3,236,938 shares, compared to its average volume of 1,401,990. The business’s fifty day moving average is $14.19. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -9.03 and a beta of 1.22. Churchill Capital Corp XI has a twelve month low of $10.07 and a twelve month high of $19.69.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Churchill Capital Corp XI in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Churchill Capital Corp XI Company Profile
Churchill Capital Corp XI is a blank check company.
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