Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) Sees Large Drop in Short Interest

Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 109 shares, a drop of 63.8% from the December 31st total of 301 shares. Based on an average daily volume of 1,523 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,523 shares, the days-to-cover ratio is currently 0.1 days.

Churchill Capital Corp X/Cayman Stock Performance

Shares of Churchill Capital Corp X/Cayman stock traded down $1.00 on Thursday, hitting $18.00. The stock had a trading volume of 100 shares, compared to its average volume of 1,920. The stock has a 50 day moving average of $17.86 and a 200 day moving average of $15.75. Churchill Capital Corp X/Cayman has a twelve month low of $10.22 and a twelve month high of $31.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Clear Street Group Inc. acquired a new stake in shares of Churchill Capital Corp X/Cayman in the third quarter valued at about $51,000. Tuttle Capital Management LLC acquired a new position in shares of Churchill Capital Corp X/Cayman in the 2nd quarter worth approximately $206,000. Sandia Investment Management LP bought a new stake in shares of Churchill Capital Corp X/Cayman in the 2nd quarter valued at $206,000. Boothbay Fund Management LLC bought a new position in Churchill Capital Corp X/Cayman during the second quarter worth $258,000. Finally, Levin Capital Strategies L.P. acquired a new position in Churchill Capital Corp X/Cayman in the second quarter valued at $317,000.

Churchill Capital Corp X/Cayman Company Profile

Churchill Capital Corp X/Cayman (NASDAQ: CCCXU) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company launched its initial public offering in July 2021, offering units composed of one ordinary share and one-third of one warrant. With no operating business at inception, Churchill Capital Corp XU is structured to raise capital through the public markets and to seek an acquisition or merger within a specified timeframe.

The SPAC’s focus is on identifying business combinations in industries poised for significant expansion, including financial services, fintech, digital assets and technology.