CCC Intelligent Solutions Holdings Inc (NYSE:CCCS) Sees Significant Decrease in Short Interest

CCC Intelligent Solutions Holdings Inc (NYSE:CCCS) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,610,000 shares, a decrease of 26.9% from the August 15th total of 3,570,000 shares. Based on an average trading volume of 710,900 shares, the short-interest ratio is currently 3.7 days. Currently, 3.7% of the company’s stock are sold short.

Shares of CCC Intelligent Solutions stock traded up $0.14 on Tuesday, reaching $11.47. 84,813 shares of the company were exchanged, compared to its average volume of 725,313. CCC Intelligent Solutions has a 1-year low of $8.58 and a 1-year high of $16.11.

Several equities analysts recently commented on the stock. Citigroup started coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, September 14th. They issued a “neutral” rating and a $13.00 price objective for the company. William Blair assumed coverage on shares of CCC Intelligent Solutions in a research note on Friday, August 27th. They set an “outperform” rating on the stock. Finally, Evercore ISI began coverage on CCC Intelligent Solutions in a report on Friday, August 27th. They issued an “in-line” rating and a $11.00 price objective on the stock.

CCC Intelligent Solutions Company Profile

Dragoneer Growth Opportunities Corp. is a blank check company. It aims to acquire a business via a merger, capital stock exchange, asset acquisition, stock purchase and reorganization. Dragoneer Growth Opportunities Corp. is based in San Francisco, California.

Recommended Story: What does it mean to hold a stock in street name?

Receive News & Ratings for CCC Intelligent Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CCC Intelligent Solutions and related companies with MarketBeat.com's FREE daily email newsletter.