Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Short Interest Update

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,610 shares, a growth of 2,583.3% from the May 31st total of 60 shares. Based on an average daily trading volume, of 1,149 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Churchill Capital Corp IX/Cayman

A hedge fund recently bought a new position in Churchill Capital Corp IX/Cayman stock. Clear Street Group Inc. bought a new stake in shares of Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,357 shares of the company’s stock, valued at approximately $68,000.

Churchill Capital Corp IX/Cayman Price Performance

Shares of CCIXU opened at $11.10 on Friday. Churchill Capital Corp IX/Cayman has a twelve month low of $10.50 and a twelve month high of $14.00. The company’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.75.

About Churchill Capital Corp IX/Cayman

Churchill Capital Corp IX/Cayman (NASDAQ: CCIXU) is a special purpose acquisition company (SPAC) organized under the laws of the Cayman Islands. The blank-check company’s primary objective is to effect a business combination with one or more operating businesses or assets, with a particular focus on sectors positioned for rapid growth and innovation. Units of the SPAC trade publicly on the NASDAQ under the ticker CCIXU, providing investors with exposure to its search for an attractive merger candidate.

Sponsored by Churchill Capital Corp, the SPAC series founded and led by Michael Klein—formerly a senior investment banker at Citigroup—Churchill Capital Corp IX aims to leverage its sponsors’ capital markets expertise and industry relationships.