Churchill Capital Corp X (NASDAQ:CCCX) Short Interest Update

Churchill Capital Corp X (NASDAQ:CCCX) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 696,567 shares, an increase of 53.3% from the December 15th total of 454,295 shares. Based on an average daily volume of 1,956,690 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.3% of the shares of the company are sold short. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 1,956,690 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Churchill Capital Corp X in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Churchill Capital Corp X Stock Performance

Shares of CCCX stock traded up $0.28 during mid-day trading on Friday, reaching $17.45. The company’s stock had a trading volume of 779,824 shares, compared to its average volume of 2,087,120. The firm’s 50-day moving average is $15.74. Churchill Capital Corp X has a 1-year low of $10.03 and a 1-year high of $27.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCCX. Boothbay Fund Management LLC bought a new position in shares of Churchill Capital Corp X during the 3rd quarter worth approximately $1,736,000. Shaolin Capital Management LLC bought a new stake in Churchill Capital Corp X in the third quarter valued at $643,000. Schonfeld Strategic Advisors LLC acquired a new position in Churchill Capital Corp X during the third quarter worth $529,000. Polar Asset Management Partners Inc. bought a new position in shares of Churchill Capital Corp X during the third quarter valued at $5,144,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Churchill Capital Corp X during the third quarter valued at $4,758,000.

Churchill Capital Corp X Company Profile

Churchill Capital Corp X (NASDAQ: CCCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting one or more business combinations. As a SPAC, it initially holds the proceeds from its public offering in a trust account while management and the sponsor identify and negotiate a potential merger, acquisition, or other qualifying business combination that would result in the acquired company becoming publicly listed.

The company’s primary activities are sourcing, evaluating and completing a business combination with a target company.