Churchill Capital Corp XI (NASDAQ:CCXI) Sees Significant Increase in Short Interest

Churchill Capital Corp XI (NASDAQ:CCXI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 483,746 shares, an increase of 14,738.8% from the June 15th total of 3,260 shares. Based on an average trading volume of 3,725,958 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

Churchill Capital Corp XI Price Performance

Shares of NASDAQ CCXI traded down $0.68 during midday trading on Friday, hitting $15.55. 2,960,091 shares of the company’s stock traded hands, compared to its average volume of 995,015. The company has a fifty day moving average price of $11.74. Churchill Capital Corp XI has a 1 year low of $10.07 and a 1 year high of $19.69. The stock has a market capitalization of $1.11 billion, a PE ratio of -8.23 and a beta of 1.22.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Churchill Capital Corp XI in a research note on Wednesday, May 6th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Churchill Capital Corp XI

Churchill Capital Corp XI is a blank check company.