Short Interest in Twenty One Capital, Inc. (NYSE:XXI) Increases By 52.8%

Twenty One Capital, Inc. (NYSE:XXI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 7,121,674 shares, a growth of 52.8% from the July 15th total of 4,661,388 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,022,242 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of Twenty One Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in Twenty One Capital in the 2nd quarter worth approximately $486,000. Bank of America Corp DE bought a new position in Twenty One Capital in the 1st quarter valued at $1,768,000. Anson Funds Management LP bought a new position in Twenty One Capital in the 1st quarter valued at $8,138,000. Amundi increased its stake in shares of Twenty One Capital by 46.2% in the 1st quarter. Amundi now owns 441,629 shares of the company’s stock valued at $2,826,000 after buying an additional 139,500 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Twenty One Capital in the 1st quarter valued at $913,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Twenty One Capital in a research note on Tuesday, August 11th. Wall Street Zen raised Twenty One Capital from a “strong sell” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Twenty One Capital Stock Up 5.0%

Shares of NYSE XXI opened at $5.08 on Wednesday. Twenty One Capital has a 12-month low of $4.15 and a 12-month high of $12.51. The firm’s 50-day simple moving average is $5.10 and its 200 day simple moving average is $6.41. The company has a quick ratio of 71.03, a current ratio of 71.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.31 billion, a price-to-earnings ratio of -25.35 and a beta of -1.41.

Twenty One Capital (NYSE:XXI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) earnings per share for the quarter.

Twenty One Capital Company Profile

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.