Churchill Capital Corp XII (NASDAQ:CXII) Sees Significant Increase in Short Interest

Churchill Capital Corp XII (NASDAQ:CXII) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 11,885 shares, an increase of 158.0% from the August 15th total of 4,606 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 81,484 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of analysts recently commented on CXII shares. Wall Street Zen upgraded shares of Churchill Capital Corp XII to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings began coverage on Churchill Capital Corp XII in a report on Friday. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Churchill Capital Corp XII Trading Down 0.7%

CXII stock traded down $0.08 during trading hours on Monday, reaching $10.70. 1,099 shares of the stock were exchanged, compared to its average volume of 52,353. The firm’s 50-day simple moving average is $10.74. Churchill Capital Corp XII has a 12 month low of $10.05 and a 12 month high of $10.90.

Churchill Capital Corp XII Company Profile

Churchill Capital Corp XII (NASDAQ: CXII) is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating companies.

As a blank-check company, Churchill Capital Corp XII does not have significant ongoing commercial operations, products, or services of its own. Its primary activities involve raising capital through a public offering, placing proceeds in a trust account, and evaluating potential acquisition targets.