Short Interest in Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Drops By 85.4%

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,381 shares, a drop of 85.4% from the November 30th total of 9,432 shares. Based on an average trading volume of 9,161 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 9,161 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Churchill Capital Corp IX – Warrant Stock Up 5.7%

CCIXW opened at $0.81 on Thursday. The company has a fifty day moving average of $0.90 and a 200 day moving average of $0.89. Churchill Capital Corp IX – Warrant has a fifty-two week low of $0.40 and a fifty-two week high of $1.80.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.