Short Interest in Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Drops By 26.7%

Posted by Trevor Kearing on Oct 29th, 2024

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 7,400 shares, a decrease of 26.7% from the September 30th total of 10,100 shares. Based on an average daily trading volume, of 18,900 shares, the short-interest ratio is currently 0.4 days.

Churchill Capital Corp IX/Cayman Trading Down 0.4 %

Churchill Capital Corp IX/Cayman stock traded down $0.04 during midday trading on Tuesday, reaching $10.20. The stock had a trading volume of 200 shares, compared to its average volume of 75,141. The firm has a 50-day moving average price of $10.13. Churchill Capital Corp IX/Cayman has a twelve month low of $10.05 and a twelve month high of $10.45.

Hedge Funds Weigh In On Churchill Capital Corp IX/Cayman

Several hedge funds and other institutional investors have recently modified their holdings of the company. Magnetar Financial LLC purchased a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter worth $24,772,000. Empyrean Capital Partners LP purchased a new stake in shares of Churchill Capital Corp IX/Cayman in the second quarter worth about $17,692,000. Millennium Management LLC acquired a new stake in shares of Churchill Capital Corp IX/Cayman in the second quarter valued at about $12,252,000. Sculptor Capital LP purchased a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at about $9,099,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Churchill Capital Corp IX/Cayman in the 2nd quarter worth approximately $7,091,000.

About Churchill Capital Corp IX/Cayman

(Get Free Report)

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.