Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Sees Significant Growth in Short Interest

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,100 shares, an increase of 335.7% from the November 15th total of 1,400 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 3.6 days.

Hedge Funds Weigh In On Churchill Capital Corp IX/Cayman

Hedge funds have recently modified their holdings of the company. CVI Holdings LLC purchased a new position in shares of Churchill Capital Corp IX/Cayman in the second quarter valued at about $494,000. Driehaus Capital Management LLC purchased a new position in shares of Churchill Capital Corp IX/Cayman in the second quarter valued at about $506,000. Levin Capital Strategies L.P. purchased a new position in shares of Churchill Capital Corp IX/Cayman in the second quarter valued at about $556,000. Gabelli Funds LLC bought a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at about $598,000. Finally, Clear Street LLC bought a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at about $698,000.

Churchill Capital Corp IX/Cayman Stock Performance

NASDAQ:CCIXU remained flat at $10.40 during trading hours on Wednesday. 4 shares of the company were exchanged, compared to its average volume of 66,088. The company’s 50-day moving average price is $10.28. Churchill Capital Corp IX/Cayman has a one year low of $10.05 and a one year high of $11.72.

Churchill Capital Corp IX/Cayman Company Profile

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.