Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Sees Large Growth in Short Interest

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 4,801 shares, a growth of 1,037.7% from the February 26th total of 422 shares. Based on an average daily volume of 3,375 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Churchill Capital Corp IX – Warrant in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Churchill Capital Corp IX – Warrant Trading Down 7.6%

NASDAQ:CCIXW opened at $0.47 on Thursday. The stock has a fifty day moving average price of $0.61 and a 200-day moving average price of $0.79. Churchill Capital Corp IX – Warrant has a fifty-two week low of $0.45 and a fifty-two week high of $1.80.

Churchill Capital Corp IX (NASDAQ: CCIXW) is a special purpose acquisition company, commonly known as a SPAC, incorporated in Delaware and headquartered in New York. Founded in 2021, the firm was sponsored by an affiliate of Churchill Capital Corp, a series of SPACs led by financier Michael Klein. The company’s primary objective is to identify, acquire, and combine with one or more businesses in industries such as technology, consumer products, healthcare, and sustainability, with the goal of taking the merged entity public through the SPAC vehicle.

CCIXW represents the warrants issued to investors in connection with Churchill Capital Corp IX’s initial public offering.