Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Sees Large Increase in Short Interest

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 140,366 shares, an increase of 2,305.6% from the June 30th total of 5,835 shares. Based on an average daily volume of 142,446 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Churchill Capital Corp IX – Warrant from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Churchill Capital Corp IX – Warrant Trading Down 9.0%

Shares of Churchill Capital Corp IX – Warrant stock opened at $0.01 on Friday. The stock has a 50 day moving average price of $0.44 and a 200-day moving average price of $0.53. Churchill Capital Corp IX – Warrant has a one year low of $0.01 and a one year high of $1.70.

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.