Churchill Capital Corp. XIII (NASDAQ:XIIIU) Stock Short Interest Falls 38.5%

Churchill Capital Corp. XIII (NASDAQ:XIIIU) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,502 shares, a decrease of 38.5% from the September 30th total of 12,190 shares. Based on an average trading volume of 81,075 shares, the days-to-cover ratio is currently 0.1 days.

Churchill Capital Corp. XIII Stock Down 0.4%

Shares of XIIIU stock opened at $10.35 on Friday. The stock’s fifty day moving average is $10.49. Churchill Capital Corp. XIII has a 12-month low of $10.20 and a 12-month high of $11.34.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Churchill Capital Corp. XIII to a “hold” rating in a research report on Saturday, August 15th.

Churchill Capital Corp. XIII Company Profile

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, it does not provide products or services to customers and has no established commercial operations of its own.

The company was sponsored by an affiliate of Churchill Capital and was designed to pursue a business combination with a company in an industry or geographic market selected by its management.