Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Short Interest Down 73.0% in October

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,000 shares, a drop of 73.0% from the October 15th total of 7,400 shares. Based on an average daily volume of 12,500 shares, the days-to-cover ratio is presently 0.2 days.

Churchill Capital Corp IX/Cayman Price Performance

CCIXU remained flat at $10.20 during trading on Thursday. Churchill Capital Corp IX/Cayman has a 12 month low of $10.05 and a 12 month high of $10.45. The business’s fifty day moving average price is $10.15.

Hedge Funds Weigh In On Churchill Capital Corp IX/Cayman

Institutional investors and hedge funds have recently made changes to their positions in the stock. CVI Holdings LLC purchased a new stake in shares of Churchill Capital Corp IX/Cayman in the second quarter worth approximately $494,000. Driehaus Capital Management LLC purchased a new position in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $506,000. Levin Capital Strategies L.P. purchased a new stake in shares of Churchill Capital Corp IX/Cayman during the 2nd quarter valued at approximately $556,000. Gabelli Funds LLC bought a new position in Churchill Capital Corp IX/Cayman in the 2nd quarter worth about $598,000. Finally, Clear Street LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter worth approximately $698,000.

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.