X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Update

X3 Holdings Co., Ltd. (NASDAQ:XTKG) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 542,457 shares, an increase of 57.9% from the December 15th total of 343,460 shares. Based on an average daily volume of 6,629,981 shares, the days-to-cover ratio is presently 0.1 days. Currently, 31.2% of the shares of the company are sold short. Currently, 31.2% of the shares of the company are sold short. Based on an average daily volume of 6,629,981 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of X3

An institutional investor recently bought a new position in X3 stock. Citadel Advisors LLC acquired a new stake in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned about 0.23% of X3 as of its most recent SEC filing. Institutional investors own 1.85% of the company’s stock.

X3 Stock Performance

XTKG stock opened at $0.14 on Friday. X3 has a 1-year low of $0.12 and a 1-year high of $16.32. The business has a 50 day simple moving average of $6.61 and a two-hundred day simple moving average of $9.53.

Analyst Ratings Changes

XTKG has been the subject of several recent research reports. Wall Street Zen lowered X3 to a “strong sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of X3 in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

X3 Company Profile

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.