Churchill Capital Corp VI (NYSE:CCVI – Get Rating) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 170,700 shares, a growth of 652.0% from the February 28th total of 22,700 shares. Approximately 0.3% of the company's shares are sold short. Based on an average daily trading volume, of 294,000 shares, the short-interest ratio is presently 0.6 days.

Churchill Capital Corp VI Price Performance

CCVI remained flat at $10.10 during trading on Wednesday. 701 shares of the company's stock traded hands, compared to its average volume of 328,234. The company has a 50-day moving average price of $10.05 and a 200-day moving average price of $9.97. Churchill Capital Corp VI has a fifty-two week low of $9.74 and a fifty-two week high of $10.31.

Institutional Investors Weigh In On Churchill Capital Corp VI

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP lifted its position in shares of Churchill Capital Corp VI by 8.9% in the 3rd quarter. Marshall Wace LLP now owns 2,588,954 shares of the company's stock worth $25,450,000 after purchasing an additional 212,321 shares during the period. Elequin Capital LP lifted its position in shares of Churchill Capital Corp VI by 2.9% in the 3rd quarter. Elequin Capital LP now owns 67,275 shares of the company's stock worth $661,000 after purchasing an additional 1,870 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of Churchill Capital Corp VI in the 3rd quarter worth about $118,000. Karpus Management Inc. purchased a new stake in shares of Churchill Capital Corp VI in the 3rd quarter worth about $211,000. Finally, Ergoteles LLC lifted its position in shares of Churchill Capital Corp VI by 30.3% in the 3rd quarter. Ergoteles LLC now owns 23,200 shares of the company's stock worth $228,000 after purchasing an additional 5,400 shares during the period. 73.61% of the stock is owned by hedge funds and other institutional investors.

Churchill Capital Corp VI Company Profile

(Get Rating)

Churchill Capital Corp VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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