Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Short Interest Up 505.0% in February

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 611 shares, a growth of 505.0% from the January 29th total of 101 shares. Based on an average daily volume of 5,902 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 5,902 shares, the days-to-cover ratio is presently 0.1 days.

Churchill Capital Corp X/Cayman Trading Down 2.0%

CCCXU stock traded down $0.31 during mid-day trading on Friday, reaching $15.00. The company’s stock had a trading volume of 694 shares, compared to its average volume of 3,474. Churchill Capital Corp X/Cayman has a 12 month low of $10.22 and a 12 month high of $31.05. The business’s 50 day moving average price is $17.35 and its 200 day moving average price is $16.38.

Institutional Investors Weigh In On Churchill Capital Corp X/Cayman

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fort Baker Capital Management LP bought a new position in shares of Churchill Capital Corp X/Cayman during the 2nd quarter worth about $27,297,000. MMCAP International Inc. SPC bought a new position in Churchill Capital Corp X/Cayman in the second quarter worth approximately $20,601,000. Magnetar Financial LLC bought a new position in Churchill Capital Corp X/Cayman in the second quarter worth approximately $20,600,000. Harraden Circle Investments LLC bought a new stake in shares of Churchill Capital Corp X/Cayman during the second quarter valued at approximately $19,086,000. Finally, Sculptor Capital LP acquired a new position in shares of Churchill Capital Corp X/Cayman during the second quarter worth approximately $18,541,000.

Churchill Capital Corp X/Cayman Company Profile

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.