X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Down 90.4% in March

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 16,008 shares, a drop of 90.4% from the February 26th total of 167,288 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 271,806 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 271,806 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Yorkville Advisors Global LP acquired a new stake in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned 0.13% of X3 as of its most recent SEC filing. Institutional investors and hedge funds own 1.85% of the company’s stock.

Analyst Upgrades and Downgrades

XTKG has been the topic of several analyst reports. Wall Street Zen upgraded shares of X3 to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of X3 in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

X3 Trading Down 2.7%

NASDAQ XTKG opened at $1.09 on Wednesday. X3 has a one year low of $0.04 and a one year high of $16.32. The stock has a 50-day moving average of $4.24 and a 200 day moving average of $169.92.

X3 Company Profile

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.