Short Interest in Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Increases By 1,037.7%

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,801 shares, a growth of 1,037.7% from the February 26th total of 422 shares. Based on an average trading volume of 3,375 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 3,375 shares, the short-interest ratio is presently 1.4 days.

Churchill Capital Corp IX – Warrant Stock Performance

Shares of NASDAQ:CCIXW remained flat at $0.51 during trading on Tuesday. The stock had a trading volume of 600 shares, compared to its average volume of 16,369. Churchill Capital Corp IX – Warrant has a one year low of $0.45 and a one year high of $1.80. The company has a fifty day moving average price of $0.62 and a two-hundred day moving average price of $0.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp IX – Warrant has an average rating of “Sell”.

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.