Churchill Capital Corp. XIII (NASDAQ:XIIIU – Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,502 shares, a drop of 38.5% from the September 30th total of 12,190 shares. Based on an average daily trading volume, of 81,075 shares, the days-to-cover ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Churchill Capital Corp. XIII to a “hold” rating in a research note on Saturday, August 15th.
Get Our Latest Stock Report on Churchill Capital Corp. XIII
Churchill Capital Corp. XIII Price Performance
XIIIU traded down $0.02 during trading on Monday, reaching $10.38. The company’s stock had a trading volume of 201,000 shares, compared to its average volume of 88,846. The stock has a fifty day simple moving average of $10.49. Churchill Capital Corp. XIII has a 1 year low of $10.20 and a 1 year high of $11.34.
Churchill Capital Corp. XIII Company Profile
Churchill Capital Corp. XIII is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, it does not provide products or services to customers and has no established commercial operations of its own.
The company was sponsored by an affiliate of Churchill Capital and was designed to pursue a business combination with a company in an industry or geographic market selected by its management.
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