Churchill Capital Corp XII (NASDAQ:CXII) Sees Significant Growth in Short Interest

Churchill Capital Corp XII (NASDAQ:CXII) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 11,885 shares, a growth of 158.0% from the August 15th total of 4,606 shares. Based on an average daily trading volume, of 81,484 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Churchill Capital Corp XII to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings initiated coverage on Churchill Capital Corp XII in a report on Friday. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Churchill Capital Corp XII Price Performance

NASDAQ:CXII traded down $0.04 during trading hours on Tuesday, hitting $10.74. The stock had a trading volume of 100 shares, compared to its average volume of 83,720. The business’s 50 day moving average price is $10.74. Churchill Capital Corp XII has a one year low of $10.05 and a one year high of $11.20.

About Churchill Capital Corp XII

Churchill Capital Corp XII (NASDAQ: CXII) is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating companies.

As a blank-check company, Churchill Capital Corp XII does not have significant ongoing commercial operations, products, or services of its own. Its primary activities involve raising capital through a public offering, placing proceeds in a trust account, and evaluating potential acquisition targets.