Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Sees Large Drop in Short Interest

by · The Cerbat Gem

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 542 shares, a drop of 90.0% from the April 30th total of 5,424 shares. Based on an average daily volume of 29,703 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Churchill Capital Corp IX – Warrant in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Churchill Capital Corp IX – Warrant currently has an average rating of “Sell”.

Check Out Our Latest Research Report on CCIXW

Churchill Capital Corp IX – Warrant Stock Performance

Shares of Churchill Capital Corp IX – Warrant stock traded down $0.05 during midday trading on Friday, hitting $0.34. The company had a trading volume of 53,237 shares, compared to its average volume of 32,529. The company has a fifty day simple moving average of $0.47 and a 200 day simple moving average of $0.64. Churchill Capital Corp IX – Warrant has a 12-month low of $0.25 and a 12-month high of $1.70.

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.

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