Short Interest in Churchill Capital Corp XI (NASDAQ:CCXI) Increases By 14,738.8%

Churchill Capital Corp XI (NASDAQ:CCXI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 483,746 shares, an increase of 14,738.8% from the June 15th total of 3,260 shares. Based on an average daily trading volume, of 3,725,958 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Churchill Capital Corp XI in a research report on Wednesday, May 6th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Churchill Capital Corp XI presently has a consensus rating of “Sell”.

Churchill Capital Corp XI Price Performance

Shares of NASDAQ:CCXI traded down $0.68 on Friday, hitting $15.55. 2,960,091 shares of the company were exchanged, compared to its average volume of 995,015. The firm’s 50 day moving average price is $11.74. Churchill Capital Corp XI has a one year low of $10.07 and a one year high of $19.69. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.23 and a beta of 1.22.

About Churchill Capital Corp XI

Churchill Capital Corp XI is a blank check company.