Churchill Capital Corp XI (NASDAQ:CCXI – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 483,746 shares, an increase of 14,738.8% from the June 15th total of 3,260 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 3,725,958 shares, the days-to-cover ratio is currently 0.1 days.
Churchill Capital Corp XI Stock Performance
Shares of NASDAQ CCXI traded down $0.68 during mid-day trading on Friday, hitting $15.55. 2,960,091 shares of the stock were exchanged, compared to its average volume of 995,015. The firm has a market cap of $1.11 billion, a P/E ratio of -8.23 and a beta of 1.22. The firm’s fifty day moving average price is $11.74. Churchill Capital Corp XI has a twelve month low of $10.07 and a twelve month high of $19.69.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on Churchill Capital Corp XI in a research note on Wednesday, May 6th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Churchill Capital Corp XI currently has a consensus rating of “Sell”.
About Churchill Capital Corp XI
Churchill Capital Corp XI is a blank check company.
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