Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,009,940 shares, an increase of 108.8% from the June 30th total of 483,746 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 5,420,718 shares, the short-interest ratio is presently 0.2 days.
Churchill Capital Corp XI Stock Up 5.0%
NASDAQ CCXI traded up $0.68 during trading hours on Thursday, hitting $14.20. The company’s stock had a trading volume of 1,784,558 shares, compared to its average volume of 1,234,142. The stock has a fifty day moving average of $12.86. Churchill Capital Corp XI has a twelve month low of $10.07 and a twelve month high of $19.69. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -7.52 and a beta of 1.22.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on Churchill Capital Corp XI in a research note on Wednesday, May 6th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
About Churchill Capital Corp XI
Churchill Capital Corp XI is a blank check company.
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