Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Down 74.3% in December

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 355 shares, a drop of 74.3% from the December 15th total of 1,381 shares. Based on an average daily volume of 2,704 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,704 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Churchill Capital Corp IX – Warrant Trading Up 1.7%

Churchill Capital Corp IX – Warrant stock opened at $0.89 on Wednesday. Churchill Capital Corp IX – Warrant has a 52 week low of $0.40 and a 52 week high of $1.80. The firm’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $0.88.

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.