Short Interest in Twenty One Capital, Inc. (NYSE:XXI) Expands By 52.8%

Twenty One Capital, Inc. (NYSE:XXI) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,121,674 shares, a growth of 52.8% from the July 15th total of 4,661,388 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 2,022,242 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

A number of brokerages have recently commented on XXI. Wall Street Zen raised shares of Twenty One Capital from a “strong sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Twenty One Capital in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Twenty One Capital presently has a consensus rating of “Sell”.

Twenty One Capital Stock Performance

NYSE XXI opened at $5.54 on Thursday. The firm has a market cap of $3.61 billion, a P/E ratio of -27.68 and a beta of -1.42. Twenty One Capital has a 52-week low of $4.15 and a 52-week high of $12.51. The business’s 50-day moving average price is $5.10 and its 200 day moving average price is $6.39. The company has a quick ratio of 71.03, a current ratio of 71.03 and a debt-to-equity ratio of 0.22.

Twenty One Capital (NYSE:XXI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) EPS for the quarter.

Institutional Investors Weigh In On Twenty One Capital

Several hedge funds have recently modified their holdings of XXI. Anson Funds Management LP acquired a new position in Twenty One Capital in the 1st quarter valued at $8,138,000. Weiss Asset Management LP acquired a new stake in shares of Twenty One Capital in the 1st quarter worth $913,000. Amundi lifted its stake in shares of Twenty One Capital by 46.2% in the 1st quarter. Amundi now owns 441,629 shares of the company’s stock worth $2,826,000 after acquiring an additional 139,500 shares during the period. E6 Portfolios LLC purchased a new stake in shares of Twenty One Capital in the fourth quarter valued at about $106,000. Finally, Softbank Group CORP. purchased a new stake in shares of Twenty One Capital in the fourth quarter valued at about $780,575,000.

About Twenty One Capital

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.