Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Short Interest Up 2,583.3% in June

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,610 shares, a growth of 2,583.3% from the May 31st total of 60 shares. Based on an average daily volume of 1,149 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Churchill Capital Corp IX/Cayman

An institutional investor recently raised its position in Churchill Capital Corp IX/Cayman stock. Clear Street Group Inc. lifted its stake in Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) by 39.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,888 shares of the company’s stock after acquiring an additional 2,531 shares during the period. Clear Street Group Inc.’s holdings in Churchill Capital Corp IX/Cayman were worth $95,000 at the end of the most recent reporting period.

Churchill Capital Corp IX/Cayman Stock Performance

Shares of CCIXU stock traded down $0.10 during trading on Friday, reaching $11.10. 675 shares of the company’s stock traded hands, compared to its average volume of 3,598. The firm’s 50-day moving average is $10.90 and its 200 day moving average is $10.75. Churchill Capital Corp IX/Cayman has a 1 year low of $10.50 and a 1 year high of $14.00.

Churchill Capital Corp IX/Cayman Company Profile

Churchill Capital Corp IX/Cayman (NASDAQ: CCIXU) is a special purpose acquisition company (SPAC) organized under the laws of the Cayman Islands. The blank-check company’s primary objective is to effect a business combination with one or more operating businesses or assets, with a particular focus on sectors positioned for rapid growth and innovation. Units of the SPAC trade publicly on the NASDAQ under the ticker CCIXU, providing investors with exposure to its search for an attractive merger candidate.

Sponsored by Churchill Capital Corp, the SPAC series founded and led by Michael Klein—formerly a senior investment banker at Citigroup—Churchill Capital Corp IX aims to leverage its sponsors’ capital markets expertise and industry relationships.