Churchill Capital Corp XI (NASDAQ:CCXI) Sees Significant Increase in Short Interest

Churchill Capital Corp XI (NASDAQ:CCXI) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 483,746 shares, a growth of 14,738.8% from the June 15th total of 3,260 shares. Based on an average trading volume of 3,725,958 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Churchill Capital Corp XI in a research report on Wednesday, May 6th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Churchill Capital Corp XI Price Performance

CCXI stock traded down $0.68 during trading on Friday, hitting $15.55. 2,960,091 shares of the company traded hands, compared to its average volume of 995,015. The stock has a 50-day moving average of $11.74. Churchill Capital Corp XI has a 1 year low of $10.07 and a 1 year high of $19.69. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.23 and a beta of 1.22.

Churchill Capital Corp XI Company Profile

Churchill Capital Corp XI is a blank check company.