Churchill Capital Corp XI (NASDAQ:CCXI) Short Interest Update

Churchill Capital Corp XI (NASDAQ:CCXI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,344,619 shares, an increase of 59.6% from the July 30th total of 2,096,192 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 2,967,033 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Churchill Capital Corp XI from a “sell (e)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Churchill Capital Corp XI currently has a consensus rating of “Sell”.

Churchill Capital Corp XI Trading Down 3.8%

Shares of NASDAQ CCXI traded down $0.53 during midday trading on Monday, reaching $13.44. 1,012,384 shares of the company traded hands, compared to its average volume of 1,505,499. The firm has a market capitalization of $959.02 million, a P/E ratio of -7.11 and a beta of 1.22. The stock’s 50-day moving average is $15.09. Churchill Capital Corp XI has a 52 week low of $10.07 and a 52 week high of $19.69.

Churchill Capital Corp XI Company Profile

Churchill Capital Corp XI is a blank check company.