Churchill Capital Corp IX (NASDAQ:CCIX) Short Interest Up 916.2% in June

Churchill Capital Corp IX (NASDAQ:CCIX) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 29,328 shares, an increase of 916.2% from the June 15th total of 2,886 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 247,168 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Churchill Capital Corp IX

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCIX. Mercuria Capital Strategies LLC bought a new position in shares of Churchill Capital Corp IX during the 4th quarter worth approximately $93,000. Bank of America Corp DE bought a new position in shares of Churchill Capital Corp IX in the first quarter valued at approximately $107,000. FNY Investment Advisers LLC increased its position in shares of Churchill Capital Corp IX by 494.1% during the third quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the last quarter. Lineage Point Capital LP purchased a new stake in shares of Churchill Capital Corp IX during the fourth quarter valued at approximately $360,000. Finally, Berkley W R Corp increased its position in shares of Churchill Capital Corp IX by 46.2% during the third quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock valued at $419,000 after acquiring an additional 12,631 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCIX. Wall Street Zen upgraded Churchill Capital Corp IX to a “sell” rating in a report on Sunday. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Churchill Capital Corp IX Price Performance

CCIX remained flat at $10.88 during mid-day trading on Friday. 71,648 shares of the company’s stock were exchanged, compared to its average volume of 222,206. Churchill Capital Corp IX has a 1 year low of $10.45 and a 1 year high of $11.32. The stock has a market capitalization of $398.86 million, a PE ratio of 57.27 and a beta of -0.05. The business has a 50-day moving average of $10.82 and a 200 day moving average of $10.72.

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

About Churchill Capital Corp IX

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.