X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Update

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 16,008 shares, a decrease of 90.4% from the February 26th total of 167,288 shares. Based on an average trading volume of 271,806 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.0% of the company’s stock are sold short. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 271,806 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on XTKG. Weiss Ratings restated a “sell (e+)” rating on shares of X3 in a report on Monday, December 29th. Wall Street Zen upgraded X3 to a “sell” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in X3 stock. Citadel Advisors LLC purchased a new position in X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned about 0.23% of X3 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.85% of the company’s stock.

X3 Price Performance

Shares of XTKG stock traded down $0.03 during midday trading on Tuesday, reaching $1.09. 42,764 shares of the company traded hands, compared to its average volume of 32,701,391. The firm’s 50 day simple moving average is $4.24 and its two-hundred day simple moving average is $169.92. X3 has a 1-year low of $0.04 and a 1-year high of $16.32.

X3 Company Profile

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.