X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Down 68.7% in January

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 169,614 shares, a decline of 68.7% from the December 31st total of 542,457 shares. Approximately 9.7% of the shares of the company are short sold. Based on an average daily trading volume, of 3,403,453 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 3,403,453 shares, the days-to-cover ratio is currently 0.0 days. Approximately 9.7% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XTKG shares. 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in X3 stock. Citadel Advisors LLC purchased a new position in X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 31,417 shares of the company’s stock, valued at approximately $52,000. Citadel Advisors LLC owned approximately 0.23% of X3 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.85% of the company’s stock.

X3 Stock Performance

XTKG stock opened at $0.60 on Wednesday. X3 has a 12 month low of $0.11 and a 12 month high of $16.32. The firm has a 50 day moving average of $5.28 and a 200-day moving average of $9.02.

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.