Churchill Capital Corp XII (NASDAQ:CXII) Sees Significant Increase in Short Interest

Churchill Capital Corp XII (NASDAQ:CXII) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 11,885 shares, an increase of 158.0% from the August 15th total of 4,606 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 81,484 shares, the short-interest ratio is presently 0.1 days.

Churchill Capital Corp XII Price Performance

CXII opened at $10.78 on Friday. The company has a 50-day simple moving average of $10.74. Churchill Capital Corp XII has a 12 month low of $10.05 and a 12 month high of $10.90.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CXII shares. Weiss Ratings initiated coverage on shares of Churchill Capital Corp XII in a report on Friday. They set a “sell (e)” rating for the company. Wall Street Zen raised Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp XII currently has an average rating of “Sell”.

About Churchill Capital Corp XII

Churchill Capital Corp XII is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Churchill Capital Corp XII is based in New York.