Churchill Capital Corp IX (NASDAQ:CCIX) Short Interest Down 34.1% in March

Churchill Capital Corp IX (NASDAQ:CCIX) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 2,563 shares, a decrease of 34.1% from the March 15th total of 3,889 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,183 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Churchill Capital Corp IX

Several hedge funds have recently added to or reduced their stakes in the company. Lineage Point Capital LP purchased a new position in Churchill Capital Corp IX in the fourth quarter valued at approximately $360,000. TENOR CAPITAL MANAGEMENT Co. L.P. increased its stake in Churchill Capital Corp IX by 88.0% in the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock valued at $28,724,000 after purchasing an additional 1,264,688 shares during the last quarter. Meteora Capital LLC increased its stake in Churchill Capital Corp IX by 42.2% in the fourth quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock valued at $10,095,000 after purchasing an additional 281,628 shares during the last quarter. Radcliffe Capital Management L.P. increased its stake in Churchill Capital Corp IX by 12.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock valued at $1,622,000 after purchasing an additional 16,596 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in Churchill Capital Corp IX by 9.5% in the fourth quarter. Verition Fund Management LLC now owns 272,020 shares of the company’s stock valued at $2,892,000 after purchasing an additional 23,651 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Churchill Capital Corp IX in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Churchill Capital Corp IX Stock Up 1.0%

Shares of NASDAQ:CCIX opened at $10.81 on Tuesday. The firm’s 50 day moving average price is $10.66 and its 200 day moving average price is $10.65. The stock has a market cap of $396.29 million, a price-to-earnings ratio of 49.14 and a beta of -0.11. Churchill Capital Corp IX has a fifty-two week low of $10.45 and a fifty-two week high of $11.66.

Churchill Capital Corp IX (NASDAQ:CCIX) last issued its earnings results on Thursday, February 5th. The company reported $0.07 earnings per share for the quarter.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.