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

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 611 shares, a growth of 505.0% from the January 29th total of 101 shares. Based on an average daily volume of 5,902 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 5,902 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Churchill Capital Corp X/Cayman

Several hedge funds and other institutional investors have recently made changes to their positions in CCCXU. Clear Street Group Inc. purchased a new stake in shares of Churchill Capital Corp X/Cayman during the third quarter worth approximately $51,000. Sandia Investment Management LP purchased a new position in Churchill Capital Corp X/Cayman in the 2nd quarter valued at $206,000. Boothbay Fund Management LLC acquired a new stake in Churchill Capital Corp X/Cayman during the 2nd quarter worth $258,000. Levin Capital Strategies L.P. purchased a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter worth $317,000. Finally, Clear Street LLC purchased a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter worth $543,000.

Churchill Capital Corp X/Cayman Trading Down 2.0%

Churchill Capital Corp X/Cayman stock traded down $0.31 during midday trading on Wednesday, reaching $15.00. The company had a trading volume of 694 shares, compared to its average volume of 3,474. Churchill Capital Corp X/Cayman has a 12-month low of $10.22 and a 12-month high of $31.05. The firm’s fifty day simple moving average is $17.37 and its 200-day simple moving average is $16.40.

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.