Churchill Capital Corp. XIII (NASDAQ:XIIIU) Stock Short Interest Falls 38.5%

Churchill Capital Corp. XIII (NASDAQ:XIIIU) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,502 shares, a decline of 38.5% from the September 30th total of 12,190 shares. Based on an average daily volume of 81,075 shares, the short-interest ratio is presently 0.1 days.

Churchill Capital Corp. XIII Stock Performance

Shares of NASDAQ XIIIU opened at $10.35 on Friday. The stock’s 50 day simple moving average is $10.49. Churchill Capital Corp. XIII has a twelve month low of $10.20 and a twelve month high of $11.34.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Churchill Capital Corp. XIII to a “hold” rating in a research report on Saturday, August 15th.

About Churchill Capital Corp. XIII

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, it does not provide products or services to customers and has no established commercial operations of its own.

The company was sponsored by an affiliate of Churchill Capital and was designed to pursue a business combination with a company in an industry or geographic market selected by its management.