Churchill Capital Corp XI (NASDAQ:CCXI) Short Interest Up 59.6% in August

Churchill Capital Corp XI (NASDAQ:CCXI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,344,619 shares, an increase of 59.6% from the July 30th total of 2,096,192 shares. Approximately 4.7% of the shares of the company are sold short. Based on an average daily volume of 2,967,033 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Churchill Capital Corp XI from a “sell (e)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Churchill Capital Corp XI Stock Down 2.5%

Churchill Capital Corp XI stock opened at $13.05 on Wednesday. The firm has a market cap of $931.20 million, a PE ratio of -6.90 and a beta of 1.22. Churchill Capital Corp XI has a 1 year low of $10.07 and a 1 year high of $19.69. The company has a fifty day moving average of $15.20.

About Churchill Capital Corp XI

Churchill Capital Corp XI is a blank check company.