Short Interest in Churchill Capital Corp XI (NASDAQ:CCXI) Increases By 107.6%

Churchill Capital Corp XI (NASDAQ:CCXI) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,096,192 shares, an increase of 107.6% from the July 15th total of 1,009,940 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average trading volume of 2,497,548 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Churchill Capital Corp XI in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Churchill Capital Corp XI has a consensus rating of “Sell”.

Churchill Capital Corp XI Price Performance

CCXI stock opened at $17.07 on Monday. The company has a 50-day simple moving average of $14.19. Churchill Capital Corp XI has a 52 week low of $10.07 and a 52 week high of $19.69. The firm has a market capitalization of $1.22 billion, a P/E ratio of -9.03 and a beta of 1.22.

Churchill Capital Corp XI Company Profile

Churchill Capital Corp XI is a blank check company.