Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Short Interest Update

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 109 shares, a decrease of 63.8% from the December 31st total of 301 shares. Based on an average daily volume of 1,523 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,523 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Churchill Capital Corp X/Cayman

Several hedge funds have recently added to or reduced their stakes in CCCXU. Fort Baker Capital Management LP bought a new stake in Churchill Capital Corp X/Cayman during the 2nd quarter worth approximately $27,297,000. MMCAP International Inc. SPC purchased a new position in Churchill Capital Corp X/Cayman during the 2nd quarter valued at approximately $20,601,000. Magnetar Financial LLC purchased a new position in shares of Churchill Capital Corp X/Cayman in the second quarter valued at $20,600,000. Harraden Circle Investments LLC bought a new stake in shares of Churchill Capital Corp X/Cayman in the 2nd quarter worth about $19,086,000. Finally, Sculptor Capital LP bought a new stake in Churchill Capital Corp X/Cayman during the second quarter worth approximately $18,541,000.

Churchill Capital Corp X/Cayman Stock Performance

Shares of CCCXU stock traded down $2.97 during trading hours on Friday, hitting $15.03. 5,865 shares of the company were exchanged, compared to its average volume of 1,859. The company has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $15.77. Churchill Capital Corp X/Cayman has a fifty-two week low of $10.22 and a fifty-two week high of $31.05.

Churchill Capital Corp X/Cayman Company Profile

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.