Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Up 923.7% in June

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 5,835 shares, an increase of 923.7% from the June 15th total of 570 shares. Based on an average daily volume of 127,555 shares, the days-to-cover ratio is currently 0.0 days.

Churchill Capital Corp IX – Warrant Price Performance

Shares of NASDAQ CCIXW opened at $0.81 on Friday. The business’s 50 day moving average is $0.49 and its two-hundred day moving average is $0.58. Churchill Capital Corp IX – Warrant has a 1-year low of $0.25 and a 1-year high of $1.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX – Warrant in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.