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

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 301 shares, an increase of 9,933.3% from the December 15th total of 3 shares. Based on an average trading volume of 1,966 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,966 shares, the short-interest ratio is presently 0.2 days.

Churchill Capital Corp X/Cayman Stock Up 3.4%

NASDAQ CCCXU traded up $0.70 during trading on Monday, hitting $21.20. The company had a trading volume of 964 shares, compared to its average volume of 2,044. The company’s fifty day moving average is $17.67 and its 200-day moving average is $14.96. Churchill Capital Corp X/Cayman has a one year low of $10.22 and a one year high of $31.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CCCXU. Fort Baker Capital Management LP bought a new position in Churchill Capital Corp X/Cayman in the second quarter worth $27,297,000. MMCAP International Inc. SPC bought a new stake in Churchill Capital Corp X/Cayman during the second quarter worth about $20,601,000. Magnetar Financial LLC purchased a new stake in Churchill Capital Corp X/Cayman in the second quarter worth about $20,600,000. Harraden Circle Investments LLC purchased a new stake in Churchill Capital Corp X/Cayman in the second quarter worth about $19,086,000. Finally, Sculptor Capital LP bought a new position in shares of Churchill Capital Corp X/Cayman during the second quarter valued at approximately $18,541,000.

About Churchill Capital Corp X/Cayman

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.