Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Short Interest Down 8.7% in August

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,500 shares, a drop of 8.7% from the August 15th total of 11,500 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

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

Churchill Capital Corp IX/Cayman Stock Down 0.5 %

CCIXU stock traded down $0.05 during trading on Wednesday, reaching $10.09. 5,591 shares of the stock were exchanged, compared to its average volume of 84,705. Churchill Capital Corp IX/Cayman has a twelve month low of $10.05 and a twelve month high of $10.45.

Churchill Capital Corp IX/Cayman Company Profile

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.