Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Up 51.4% in January

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,542 shares, a growth of 51.4% from the January 15th total of 2,339 shares. Based on an average daily volume of 37,622 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 37,622 shares, the short-interest ratio is currently 0.1 days.

Churchill Capital Corp IX – Warrant Stock Performance

CCIXW stock traded up $0.07 during midday trading on Friday, hitting $0.58. 1,324 shares of the stock were exchanged, compared to its average volume of 22,811. The stock’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.84. Churchill Capital Corp IX – Warrant has a fifty-two week low of $0.45 and a fifty-two week high of $1.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Churchill Capital Corp IX – Warrant has an average rating of “Sell”.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.