Churchill Capital Corp. XIII (NASDAQ:XIIIU) Short Interest Update

Churchill Capital Corp. XIII (NASDAQ:XIIIU) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 80,352 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average trading volume of 190,714 shares, the days-to-cover ratio is presently 0.4 days.

Churchill Capital Corp. XIII Stock Performance

XIIIU stock traded down $0.03 during trading on Monday, hitting $10.56. The company had a trading volume of 15,422 shares, compared to its average volume of 120,438. Churchill Capital Corp. XIII has a 12 month low of $10.30 and a 12 month high of $10.60.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Churchill Capital Corp. XIII to a “hold” rating in a report on Saturday, August 15th.

About Churchill Capital Corp. XIII

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private companies. The company does not operate a conventional business or offer products and services to customers; its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.

Like other SPACs, Churchill Capital Corp. XIII may pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.