Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Up 1,037.7% in March

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,801 shares, a growth of 1,037.7% from the February 26th total of 422 shares. Based on an average trading volume of 3,375 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 3,375 shares, the short-interest ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp IX – Warrant has an average rating of “Sell”.

Churchill Capital Corp IX – Warrant Price Performance

CCIXW stock remained flat at $0.51 during trading on Tuesday. 600 shares of the company traded hands, compared to its average volume of 16,369. The company has a 50 day simple moving average of $0.62 and a 200-day simple moving average of $0.79. Churchill Capital Corp IX – Warrant has a 1 year low of $0.45 and a 1 year high of $1.80.

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.