Short Interest in Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Expands By 2,583.3%

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,610 shares, an increase of 2,583.3% from the May 31st total of 60 shares. Based on an average daily volume of 1,149 shares, the short-interest ratio is presently 1.4 days.

Churchill Capital Corp IX/Cayman Stock Up 2.1%

Shares of CCIXU stock traded up $0.23 during mid-day trading on Thursday, hitting $11.23. The company’s stock had a trading volume of 675 shares, compared to its average volume of 3,598. Churchill Capital Corp IX/Cayman has a 52-week low of $10.50 and a 52-week high of $14.00. The business has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.75.

Hedge Funds Weigh In On Churchill Capital Corp IX/Cayman

A hedge fund recently bought a new position in Churchill Capital Corp IX/Cayman stock. Clear Street Group Inc. bought a new stake in shares of Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,357 shares of the company’s stock, valued at approximately $68,000.

Churchill Capital Corp IX/Cayman Company Profile

Churchill Capital Corp IX/Cayman (NASDAQ: CCIXU) is a special purpose acquisition company (SPAC) organized under the laws of the Cayman Islands. The blank-check company’s primary objective is to effect a business combination with one or more operating businesses or assets, with a particular focus on sectors positioned for rapid growth and innovation. Units of the SPAC trade publicly on the NASDAQ under the ticker CCIXU, providing investors with exposure to its search for an attractive merger candidate.

Sponsored by Churchill Capital Corp, the SPAC series founded and led by Michael Klein—formerly a senior investment banker at Citigroup—Churchill Capital Corp IX aims to leverage its sponsors’ capital markets expertise and industry relationships.