Churchill Capital Corp IX (NASDAQ:CCIX) Short Interest Up 9,468.9% in July

Churchill Capital Corp IX (NASDAQ:CCIX) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 2,806,381 shares, a growth of 9,468.9% from the June 30th total of 29,328 shares. Approximately 9.8% of the company’s stock are short sold. Based on an average trading volume of 1,181,999 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On Churchill Capital Corp IX

A number of large investors have recently modified their holdings of the business. Fort Baker Capital Management LP raised its holdings in shares of Churchill Capital Corp IX by 10.6% during the 3rd quarter. Fort Baker Capital Management LP now owns 2,833,119 shares of the company’s stock worth $29,691,000 after buying an additional 270,441 shares in the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. lifted its holdings in shares of Churchill Capital Corp IX by 88.0% in the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,702,188 shares of the company’s stock worth $28,724,000 after acquiring an additional 1,264,688 shares during the last quarter. Berkley W R Corp boosted its stake in shares of Churchill Capital Corp IX by 93.4% in the 1st quarter. Berkley W R Corp now owns 1,810,437 shares of the company’s stock valued at $19,335,000 after purchasing an additional 874,256 shares in the last quarter. Meteora Capital LLC boosted its stake in shares of Churchill Capital Corp IX by 42.2% in the 4th quarter. Meteora Capital LLC now owns 949,652 shares of the company’s stock valued at $10,095,000 after purchasing an additional 281,628 shares in the last quarter. Finally, Crossingbridge Advisors LLC bought a new stake in shares of Churchill Capital Corp IX during the 4th quarter valued at approximately $4,774,000.

Churchill Capital Corp IX Stock Up 0.1%

CCIX opened at $10.88 on Friday. The stock has a market capitalization of $398.86 million, a price-to-earnings ratio of 57.27 and a beta of -0.05. Churchill Capital Corp IX has a twelve month low of $10.45 and a twelve month high of $11.32. The company has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $10.74.

Churchill Capital Corp IX (NASDAQ:CCIX) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter.

Analysts Set New Price Targets

Several brokerages recently commented on CCIX. Weiss Ratings restated a “sell (d+)” rating on shares of Churchill Capital Corp IX in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Churchill Capital Corp IX to a “sell” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.