Churchill Capital Corp XII (NASDAQ:CXII) Sees Significant Growth in Short Interest

Churchill Capital Corp XII (NASDAQ:CXII) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,885 shares, a growth of 158.0% from the August 15th total of 4,606 shares. Based on an average trading volume of 81,484 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Churchill Capital Corp XII Stock Performance

Shares of NASDAQ CXII opened at $10.78 on Friday. The company has a 50-day simple moving average of $10.74. Churchill Capital Corp XII has a 52 week low of $10.05 and a 52 week high of $10.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CXII. Wall Street Zen raised shares of Churchill Capital Corp XII to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings assumed coverage on Churchill Capital Corp XII in a research note on Friday. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Churchill Capital Corp XII

Churchill Capital Corp XII is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Churchill Capital Corp XII is based in New York.