Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Down 54.1% in February

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,627 shares, a decline of 54.1% from the January 29th total of 3,542 shares. Based on an average daily volume of 17,023 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 17,023 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Churchill Capital Corp IX – Warrant Stock Performance

Shares of Churchill Capital Corp IX – Warrant stock traded up $0.01 during trading on Friday, hitting $0.50. The stock had a trading volume of 10,800 shares, compared to its average volume of 19,777. Churchill Capital Corp IX – Warrant has a 1 year low of $0.45 and a 1 year high of $1.80. The stock has a 50 day simple moving average of $0.73 and a 200 day simple moving average of $0.82.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.