Short Interest in Churchill Capital Corp IX (NASDAQ:CCIX) Declines By 34.1%

Churchill Capital Corp IX (NASDAQ:CCIX) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,563 shares, a decrease of 34.1% from the March 15th total of 3,889 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,183 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on CCIX shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Churchill Capital Corp IX in a research note on Monday, December 29th. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Churchill Capital Corp IX Stock Performance

NASDAQ:CCIX remained flat at $10.77 during trading hours on Wednesday. The company’s stock had a trading volume of 1,538 shares, compared to its average volume of 214,299. The business’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.65. The firm has a market capitalization of $394.85 million, a P/E ratio of 48.96 and a beta of -0.11. Churchill Capital Corp IX has a 12 month low of $10.45 and a 12 month high of $11.66.

Churchill Capital Corp IX (NASDAQ:CCIX) last issued its earnings results on Thursday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Churchill Capital Corp IX

Several large investors have recently modified their holdings of the business. BCK Capital Management LP lifted its stake in shares of Churchill Capital Corp IX by 5.3% in the 3rd quarter. BCK Capital Management LP now owns 136,885 shares of the company’s stock valued at $1,435,000 after purchasing an additional 6,921 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in Churchill Capital Corp IX during the 3rd quarter worth about $83,000. Mercuria Capital Strategies LLC acquired a new position in Churchill Capital Corp IX during the 4th quarter worth about $93,000. FNY Investment Advisers LLC lifted its stake in Churchill Capital Corp IX by 494.1% during the 3rd quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock worth $148,000 after acquiring an additional 11,810 shares in the last quarter. Finally, Berkley W R Corp lifted its stake in Churchill Capital Corp IX by 46.2% during the 3rd quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock worth $419,000 after acquiring an additional 12,631 shares in the last quarter.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.