Short Interest in Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Declines By 74.3%

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 355 shares, a decrease of 74.3% from the December 15th total of 1,381 shares. Based on an average daily trading volume, of 2,704 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,704 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Churchill Capital Corp IX – Warrant has an average rating of “Sell”.

Churchill Capital Corp IX – Warrant Price Performance

Shares of CCIXW stock traded up $0.02 during trading hours on Tuesday, reaching $0.90. The company’s stock had a trading volume of 24,356 shares, compared to its average volume of 9,393. Churchill Capital Corp IX – Warrant has a one year low of $0.40 and a one year high of $1.80. The firm’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $0.88.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.