Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 3,344,619 shares, a growth of 59.6% from the July 30th total of 2,096,192 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average trading volume of 2,967,033 shares, the short-interest ratio is currently 1.1 days.
Churchill Capital Corp XI Stock Down 3.8%
CCXI stock traded down $0.53 during trading on Monday, hitting $13.44. 1,012,384 shares of the company’s stock traded hands, compared to its average volume of 1,505,499. Churchill Capital Corp XI has a 52 week low of $10.07 and a 52 week high of $19.69. The firm’s fifty day moving average price is $15.09. The stock has a market cap of $959.02 million, a PE ratio of -7.11 and a beta of 1.22.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Churchill Capital Corp XI from a “sell (e)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
About Churchill Capital Corp XI
Churchill Capital Corp XI is a blank check company.
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