Churchill Capital Corp XI (NASDAQ:CCXI) Short Interest Up 107.6% in July

Churchill Capital Corp XI (NASDAQ:CCXI) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 2,096,192 shares, an increase of 107.6% from the July 15th total of 1,009,940 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 2,497,548 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Churchill Capital Corp XI in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Churchill Capital Corp XI Price Performance

Shares of CCXI traded up $0.88 during midday trading on Friday, hitting $17.07. 3,236,938 shares of the stock traded hands, compared to its average volume of 1,401,990. The company’s 50 day simple moving average is $14.19. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -9.03 and a beta of 1.22. Churchill Capital Corp XI has a 1-year low of $10.07 and a 1-year high of $19.69.

Churchill Capital Corp XI Company Profile

Churchill Capital Corp XI is a blank check company.