Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Down 90.0% in May

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 542 shares, a decrease of 90.0% from the April 30th total of 5,424 shares. Based on an average trading volume of 29,703 shares, the days-to-cover ratio is presently 0.0 days.

Churchill Capital Corp IX – Warrant Trading Down 9.8%

Shares of NASDAQ:CCIXW opened at $0.36 on Thursday. The company’s fifty day moving average price is $0.48 and its 200 day moving average price is $0.64. Churchill Capital Corp IX – Warrant has a 12 month low of $0.26 and a 12 month high of $1.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX – Warrant in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.