Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 2,096,192 shares, a growth of 107.6% from the July 15th total of 1,009,940 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 2,497,548 shares, the short-interest ratio is presently 0.8 days.
Churchill Capital Corp XI Trading Up 5.4%
Shares of NASDAQ:CCXI traded up $0.88 during midday trading on Friday, hitting $17.07. The stock had a trading volume of 3,236,938 shares, compared to its average volume of 1,401,990. The firm has a market capitalization of $1.22 billion, a P/E ratio of -9.03 and a beta of 1.22. Churchill Capital Corp XI has a 12 month low of $10.07 and a 12 month high of $19.69. The business has a 50-day moving average of $14.19.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Churchill Capital Corp XI in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp XI currently has an average rating of “Sell”.
About Churchill Capital Corp XI
Churchill Capital Corp XI is a blank check company.
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