Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Update

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 140,366 shares, a growth of 2,305.6% from the June 30th total of 5,835 shares. Based on an average trading volume of 142,446 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Churchill Capital Corp IX – Warrant from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Churchill Capital Corp IX – Warrant currently has an average rating of “Sell”.

Churchill Capital Corp IX – Warrant Price Performance

NASDAQ:CCIXW opened at $0.01 on Friday. Churchill Capital Corp IX – Warrant has a 1-year low of $0.01 and a 1-year high of $1.70. The firm has a fifty day simple moving average of $0.44 and a 200 day simple moving average of $0.53.

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.