Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Sees Large Drop in Short Interest

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 109 shares, a drop of 63.8% from the December 31st total of 301 shares. Based on an average daily volume of 1,523 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 1,523 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Churchill Capital Corp X/Cayman

A number of hedge funds have recently bought and sold shares of CCCXU. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Churchill Capital Corp X/Cayman in the 2nd quarter valued at about $1,444,000. Linden Advisors LP bought a new position in shares of Churchill Capital Corp X/Cayman in the second quarter valued at approximately $10,300,000. AQR Arbitrage LLC purchased a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter valued at approximately $5,150,000. Harraden Circle Investments LLC bought a new stake in Churchill Capital Corp X/Cayman during the second quarter worth $19,086,000. Finally, Alberta Investment Management Corp purchased a new position in Churchill Capital Corp X/Cayman in the second quarter worth $15,450,000.

Churchill Capital Corp X/Cayman Stock Down 2.1%

Churchill Capital Corp X/Cayman stock opened at $18.60 on Wednesday. The firm’s fifty day moving average price is $17.81 and its two-hundred day moving average price is $15.73. Churchill Capital Corp X/Cayman has a 1-year low of $10.22 and a 1-year high of $31.05.

Churchill Capital Corp X/Cayman Company Profile

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.