Short Interest in Churchill Capital Corp. XIII (NASDAQ:XIIIU) Increases By ∞

Churchill Capital Corp. XIII (NASDAQ:XIIIU) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 80,352 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 190,714 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Churchill Capital Corp. XIII to a “hold” rating in a report on Saturday, August 15th.

Churchill Capital Corp. XIII Price Performance

Shares of XIIIU stock opened at $10.59 on Friday. Churchill Capital Corp. XIII has a 1 year low of $10.30 and a 1 year high of $10.59.

About Churchill Capital Corp. XIII

Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more private companies. The company does not operate a conventional business or offer products and services to customers; its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or merge with a target business.

Like other SPACs, Churchill Capital Corp. XIII may pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction.