Short Interest in Churchill Capital Corp IX (NASDAQ:CCIX) Grows By 916.2%

Churchill Capital Corp IX (NASDAQ:CCIX) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 29,328 shares, an increase of 916.2% from the June 15th total of 2,886 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 247,168 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Churchill Capital Corp IX

Institutional investors have recently added to or reduced their stakes in the stock. Mercuria Capital Strategies LLC acquired a new position in Churchill Capital Corp IX during the fourth quarter worth about $93,000. Bank of America Corp DE purchased a new position in Churchill Capital Corp IX in the first quarter valued at about $107,000. FNY Investment Advisers LLC lifted its position in shares of Churchill Capital Corp IX by 494.1% during the 3rd quarter. FNY Investment Advisers LLC now owns 14,200 shares of the company’s stock valued at $148,000 after acquiring an additional 11,810 shares during the period. Berkley W R Corp lifted its position in shares of Churchill Capital Corp IX by 46.2% during the 3rd quarter. Berkley W R Corp now owns 39,976 shares of the company’s stock valued at $419,000 after acquiring an additional 12,631 shares during the period. Finally, Radcliffe Capital Management L.P. boosted its stake in shares of Churchill Capital Corp IX by 12.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 152,581 shares of the company’s stock worth $1,622,000 after acquiring an additional 16,596 shares in the last quarter.

Churchill Capital Corp IX Stock Performance

Churchill Capital Corp IX stock opened at $10.88 on Friday. The company has a market cap of $398.86 million, a P/E ratio of 57.27 and a beta of -0.05. Churchill Capital Corp IX has a one year low of $10.45 and a one year high of $11.32. The business has a fifty day moving average of $10.82 and a two-hundred day moving average of $10.72.

Churchill Capital Corp IX (NASDAQ:CCIX) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CCIX shares. Wall Street Zen upgraded Churchill Capital Corp IX from a “sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Churchill Capital Corp IX in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Churchill Capital Corp IX

Coleman Cable, Inc (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing.