Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Sees Significant Growth in Short Interest

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 611 shares, an increase of 505.0% from the January 29th total of 101 shares. Based on an average daily trading volume, of 5,902 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 5,902 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Churchill Capital Corp X/Cayman

Several hedge funds have recently made changes to their positions in CCCXU. Wolverine Asset Management LLC purchased a new stake in shares of Churchill Capital Corp X/Cayman during the 2nd quarter valued at approximately $1,030,000. Levin Capital Strategies L.P. purchased a new position in Churchill Capital Corp X/Cayman in the second quarter worth approximately $317,000. Wealthspring Capital LLC acquired a new stake in Churchill Capital Corp X/Cayman during the second quarter worth $994,000. MMCAP International Inc. SPC acquired a new stake in Churchill Capital Corp X/Cayman during the second quarter worth $20,601,000. Finally, BCK Capital Management LP purchased a new stake in Churchill Capital Corp X/Cayman in the second quarter valued at $1,133,000.

Churchill Capital Corp X/Cayman Stock Down 2.0%

Shares of NASDAQ CCCXU traded down $0.31 during trading on Wednesday, hitting $15.00. 694 shares of the company were exchanged, compared to its average volume of 3,474. The company has a fifty day moving average price of $17.37 and a 200-day moving average price of $16.40. Churchill Capital Corp X/Cayman has a 12-month low of $10.22 and a 12-month high of $31.05.

About Churchill Capital Corp X/Cayman

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.