X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) Shares Shorted: Short Interest Down 36.1% in September

X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 615 shares, a decrease of 36.1% from the September 15th total of 962 shares. Based on an average trading volume of 9,890 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On X3 Acquisition

A hedge fund recently bought a new stake in X3 Acquisition stock. Lineage Point Capital LP acquired a new stake in X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 251,574 shares of the company’s stock, valued at approximately $2,582,000. Lineage Point Capital LP owned about 1.12% of X3 Acquisition at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of X3 Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

X3 Acquisition Trading Up 0.1%

Shares of NASDAQ XCBE opened at $10.05 on Friday. X3 Acquisition has a 12 month low of $9.75 and a 12 month high of $10.04. The stock has a 50 day moving average of $10.02 and a 200-day moving average of $9.95.

About X3 Acquisition

X3 Acquisition Corp Ltd is a blank check company.