Short Interest in Churchill Capital Corp IX (NASDAQ:CCIX) Drops By 73.0%

Churchill Capital Corp IX (NASDAQ:CCIX) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,834 shares, a decrease of 73.0% from the April 30th total of 10,480 shares. Based on an average daily trading volume, of 81,731 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Churchill Capital Corp IX Stock Performance

NASDAQ CCIX traded up $0.01 during trading on Friday, reaching $10.82. The company’s stock had a trading volume of 37,146 shares, compared to its average volume of 222,402. The firm has a market cap of $396.48 million, a price-to-earnings ratio of 56.92 and a beta of -0.05. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.40. The business’s fifty day moving average price is $10.74 and its 200-day moving average price is $10.67.

Churchill Capital Corp IX (NASDAQ:CCIX) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.04 EPS for the quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CCIX shares. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Churchill Capital Corp IX

Institutional investors have recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC purchased a new stake in Churchill Capital Corp IX in the 3rd quarter valued at approximately $83,000. Mercuria Capital Strategies LLC purchased a new position in Churchill Capital Corp IX during the 4th quarter valued at about $93,000. Bank of America Corp DE acquired a new position in shares of Churchill Capital Corp IX in the first quarter valued at approximately $107,000. FNY Investment Advisers LLC raised its position in shares of Churchill Capital Corp IX by 494.1% in the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after buying an additional 11,810 shares during the last quarter. Finally, Lineage Point Capital LP purchased a new stake in Churchill Capital Corp IX in the fourth quarter valued at approximately $360,000.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.