Churchill Capital Corp XI (NASDAQ:CCXI) Sees Large Increase in Short Interest

Churchill Capital Corp XI (NASDAQ:CCXI) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,009,940 shares, an increase of 108.8% from the June 30th total of 483,746 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,420,718 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Churchill Capital Corp XI in a research report on Wednesday, May 6th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Churchill Capital Corp XI Stock Up 3.6%

Churchill Capital Corp XI stock opened at $14.00 on Friday. The firm has a market cap of $998.98 million, a P/E ratio of -7.41 and a beta of 1.22. Churchill Capital Corp XI has a 12-month low of $10.07 and a 12-month high of $19.69. The company’s fifty day moving average is $12.93.

Churchill Capital Corp XI Company Profile

Churchill Capital Corp XI is a blank check company.