Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Sees Significant Growth in Short Interest

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 6,100 shares, an increase of 335.7% from the November 15th total of 1,400 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 3.6 days.

Churchill Capital Corp IX/Cayman Price Performance

NASDAQ:CCIXU remained flat at $10.44 during midday trading on Friday. The stock’s 50 day moving average price is $10.30. Churchill Capital Corp IX/Cayman has a 12 month low of $10.05 and a 12 month high of $11.72.

Institutional Trading of Churchill Capital Corp IX/Cayman

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

About Churchill Capital Corp IX/Cayman

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.