Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Sees Large Drop in Short Interest

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,400 shares, a drop of 30.0% from the October 31st total of 2,000 shares. Based on an average daily volume of 12,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CCIXU. CVI Holdings LLC purchased a new stake in shares of Churchill Capital Corp IX/Cayman during the second quarter valued at approximately $494,000. Driehaus Capital Management LLC bought a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter worth $506,000. Levin Capital Strategies L.P. purchased a new position in shares of Churchill Capital Corp IX/Cayman in the 2nd quarter worth about $556,000. Gabelli Funds LLC bought a new position in Churchill Capital Corp IX/Cayman during the second quarter valued at about $598,000. Finally, Clear Street LLC purchased a new stake in Churchill Capital Corp IX/Cayman during the second quarter worth about $698,000.

Churchill Capital Corp IX/Cayman Price Performance

CCIXU remained flat at $10.40 during midday trading on Friday. The company’s stock had a trading volume of 444 shares, compared to its average volume of 69,463. Churchill Capital Corp IX/Cayman has a 1 year low of $10.05 and a 1 year high of $10.51. The business’s 50 day moving average is $10.19.

About Churchill Capital Corp IX/Cayman

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.