Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) Short Interest Down 90.0% in May

Churchill Capital Corp IX – Warrant (NASDAQ:CCIXW) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 542 shares, a decline of 90.0% from the April 30th total of 5,424 shares. Based on an average daily trading volume, of 29,703 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Churchill Capital Corp IX – Warrant Price Performance

Shares of Churchill Capital Corp IX – Warrant stock opened at $0.36 on Thursday. Churchill Capital Corp IX – Warrant has a 1 year low of $0.26 and a 1 year high of $1.80. The company’s fifty day moving average is $0.48 and its two-hundred day moving average is $0.64.

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.