Churchill Capital Corp IX (NASDAQ:CCIX) Short Interest Update

Churchill Capital Corp IX (NASDAQ:CCIX) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 29,328 shares, an increase of 916.2% from the June 15th total of 2,886 shares. Based on an average daily trading volume, of 247,168 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Churchill Capital Corp IX

A number of institutional investors have recently bought and sold shares of CCIX. TENOR CAPITAL MANAGEMENT Co. L.P. raised its position in shares of Churchill Capital Corp IX by 88.0% in the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after acquiring an additional 1,264,688 shares in the last quarter. Berkley W R Corp grew its stake in Churchill Capital Corp IX by 2,241.9% during the fourth quarter. Berkley W R Corp now owns 936,181 shares of the company’s stock worth $9,952,000 after purchasing an additional 896,205 shares during the period. Crossingbridge Advisors LLC bought a new stake in Churchill Capital Corp IX in the fourth quarter worth approximately $4,774,000. Meteora Capital LLC increased its holdings in Churchill Capital Corp IX by 105.7% in the third quarter. Meteora Capital LLC now owns 668,024 shares of the company’s stock worth $7,001,000 after purchasing an additional 343,339 shares in the last quarter. Finally, Verbena Value LP bought a new position in shares of Churchill Capital Corp IX during the 4th quarter worth approximately $2,986,000.

Wall Street Analyst Weigh In

CCIX has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen raised Churchill Capital Corp IX to a “sell” rating in a report on Sunday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Churchill Capital Corp IX Stock Performance

Churchill Capital Corp IX stock opened at $10.88 on Monday. The firm has a market cap of $398.88 million, a price-to-earnings ratio of 57.27 and a beta of -0.05. Churchill Capital Corp IX has a 52-week low of $10.45 and a 52-week high of $11.32. The firm has a 50 day moving average price of $10.82 and a two-hundred day moving average price of $10.72.

Churchill Capital Corp IX (NASDAQ:CCIX) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.