X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) Shares Shorted: Short Interest Down 36.1% in September

X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 615 shares, a decrease of 36.1% from the September 15th total of 962 shares. Based on an average daily trading volume, of 9,890 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of X3 Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, X3 Acquisition has a consensus rating of “Sell”.

X3 Acquisition Stock Performance

XCBE opened at $10.05 on Friday. The business has a fifty day simple moving average of $10.02 and a 200 day simple moving average of $9.95. X3 Acquisition has a 1 year low of $9.75 and a 1 year high of $10.04.

Hedge Funds Weigh In On X3 Acquisition

A hedge fund recently bought a new position in X3 Acquisition stock. Lineage Point Capital LP acquired a new position in X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 251,574 shares of the company’s stock, valued at approximately $2,582,000. Lineage Point Capital LP owned approximately 1.12% of X3 Acquisition as of its most recent SEC filing.

About X3 Acquisition

X3 Acquisition Corp Ltd is a blank check company.