X3 Holdings Co., Ltd. (NASDAQ:XTKG) Short Interest Up 285.3% in January

X3 Holdings Co., Ltd. (NASDAQ:XTKG) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 653,471 shares, an increase of 285.3% from the January 15th total of 169,614 shares. Based on an average daily trading volume, of 97,546,885 shares, the short-interest ratio is currently 0.0 days. Currently, 37.6% of the company’s stock are short sold. Currently, 37.6% of the company’s stock are short sold. Based on an average daily trading volume, of 97,546,885 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of X3

A hedge fund recently bought a new stake in X3 stock. Yorkville Advisors Global LP bought a new stake in X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned 0.13% of X3 as of its most recent SEC filing. Institutional investors and hedge funds own 1.85% of the company’s stock.

X3 Stock Performance

Shares of X3 stock opened at $0.23 on Thursday. The company has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $8.25. X3 has a 12-month low of $0.11 and a 12-month high of $16.32.

Wall Street Analysts Forecast Growth

XTKG has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of X3 in a research note on Monday, December 29th. Wall Street Zen downgraded X3 to a “strong sell” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, X3 currently has an average rating of “Sell”.

X3 Company Profile

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.