Churchill Capital Corp XI (NASDAQ:CCXI) Sees Large Increase in Short Interest

Churchill Capital Corp XI (NASDAQ:CCXI) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,344,619 shares, a growth of 59.6% from the July 30th total of 2,096,192 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily volume of 2,967,033 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Churchill Capital Corp XI from a “sell (e)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Churchill Capital Corp XI Stock Down 2.5%

CCXI stock traded down $0.33 during midday trading on Tuesday, reaching $13.05. The company had a trading volume of 1,317,945 shares, compared to its average volume of 1,508,506. The company’s 50-day moving average is $15.20. Churchill Capital Corp XI has a 1 year low of $10.07 and a 1 year high of $19.69. The company has a market cap of $931.20 million, a P/E ratio of -6.90 and a beta of 1.22.

About Churchill Capital Corp XI

Churchill Capital Corp XI is a blank check company.