CHURCHILL CAP C/SH (NYSE:CCC) Short Interest Up 12.6% in September

CHURCHILL CAP C/SH (NYSE:CCC) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 14,070,000 shares, a growth of 12.6% from the August 30th total of 12,500,000 shares. Based on an average trading volume of 894,100 shares, the days-to-cover ratio is presently 15.7 days. Currently, 4.6% of the company’s stock are sold short.

An institutional investor recently bought a new position in CHURCHILL CAP C/SH stock. FMR LLC bought a new stake in shares of CHURCHILL CAP C/SH (NYSE:CCC) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 9,514,340 shares of the industrial products company’s stock, valued at approximately $127,873,000. FMR LLC owned about 13.79% of CHURCHILL CAP C/SH at the end of the most recent reporting period. Institutional investors and hedge funds own 25.89% of the company’s stock.

A number of analysts have recently weighed in on the stock. B. Riley set a $20.00 price objective on shares of CHURCHILL CAP C/SH and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Zacks Investment Research cut shares of CHURCHILL CAP C/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of CHURCHILL CAP C/SH from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup assumed coverage on shares of CHURCHILL CAP C/SH in a research note on Thursday, July 18th. They issued a “neutral” rating and a $17.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.50.

Shares of CHURCHILL CAP C/SH stock opened at $16.05 on Wednesday. The firm has a fifty day simple moving average of $16.91 and a 200-day simple moving average of $15.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.61 and a current ratio of 0.61. CHURCHILL CAP C/SH has a 1-year low of $9.50 and a 1-year high of $17.80.

CHURCHILL CAP C/SH (NYSE:CCC) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.03). The firm had revenue of $242.31 million for the quarter, compared to analyst estimates of $239.80 million. Equities research analysts anticipate that CHURCHILL CAP C/SH will post -0.31 earnings per share for the current fiscal year.

About CHURCHILL CAP C/SH

Churchill Capital Corp, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

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