Short Interest in Churchill Capital Corp. XIII (NASDAQ:XIIIU) Declines By 32.6%
by Kim Johansen · The Markets DailyChurchill Capital Corp. XIII (NASDAQ:XIIIU – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 54,165 shares, a drop of 32.6% from the August 15th total of 80,352 shares. Based on an average daily volume of 51,238 shares, the short-interest ratio is currently 1.1 days.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Churchill Capital Corp. XIII to a “hold” rating in a research note on Saturday, August 15th.
Read Our Latest Stock Report on XIIIU
Churchill Capital Corp. XIII Stock Performance
NASDAQ:XIIIU opened at $10.56 on Thursday. Churchill Capital Corp. XIII has a 12-month low of $10.30 and a 12-month high of $11.34.
Churchill Capital Corp. XIII Company Profile
Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private companies. The company does not operate a conventional business or offer products and services to customers; its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.
Like other SPACs, Churchill Capital Corp. XIII may pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.