X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) Stock Short Interest Report for October

X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 315 shares, a decline of 48.8% from the September 30th total of 615 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 26,511 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

X3 Acquisition Trading Up 0.2%

Shares of X3 Acquisition stock traded up $0.02 during trading on Friday, hitting $10.05. 597 shares of the company’s stock traded hands, compared to its average volume of 56,793. The business has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $9.96. X3 Acquisition has a 1 year low of $9.75 and a 1 year high of $10.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in X3 Acquisition stock. Lineage Point Capital LP acquired a new stake in shares of X3 Acquisition Corp. Ltd. (NASDAQ:XCBE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

About X3 Acquisition

X3 Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar corporate combination.

As an acquisition company, X3 Acquisition Corp. does not appear to operate a traditional commercial business or offer products and services directly to customers. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a transaction that would allow a privately held company to become publicly traded.

Publicly available information about the company’s specific acquisition focus, geographic markets and leadership is limited.