Twenty One Capital, Inc. (NYSE:XXI) Short Interest Update

Key Points

• Short interest jumped 52.8% to 7.12 million shares as of July 31, representing 1.1% of outstanding stock and 3.5 days to cover.
• Institutional investors, including SoftBank, Cantor Fitzgerald, Anson Funds, Amundi, and Pantera Capital, established or increased positions in Twenty One Capital.
• XXI shares fell 2.3% to $4.84, while analysts maintained an overall “Sell” rating; the company reported a quarterly loss of $0.02 per share.

Twenty One Capital, Inc. (NYSE:XXI - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,121,674 shares, a growth of 52.8% from the July 15th total of 4,661,388 shares. Based on an average daily volume of 2,022,242 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.1% of the company's stock are sold short.

Institutional Trading of Twenty One Capital

Hedge funds have recently made changes to their positions in the stock. Softbank Group CORP. bought a new stake in shares of Twenty One Capital in the fourth quarter worth $780,575,000. Cantor Fitzgerald L. P. bought a new position in Twenty One Capital during the 4th quarter valued at $49,843,000. Anson Funds Management LP bought a new position in Twenty One Capital during the 1st quarter valued at $8,138,000. Amundi grew its holdings in Twenty One Capital by 46.2% during the 1st quarter. Amundi now owns 441,629 shares of the company's stock worth $2,826,000 after acquiring an additional 139,500 shares in the last quarter. Finally, Pantera Capital Partners LP acquired a new position in Twenty One Capital during the 4th quarter worth $2,956,000.

Analysts Set New Price Targets

A number of research firms have weighed in on XXI. Weiss Ratings restated a "sell (d)" rating on shares of Twenty One Capital in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Twenty One Capital from a "strong sell" rating to a "hold" rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Twenty One Capital Stock Down 2.3%

Shares of NYSE XXI traded down $0.11 during midday trading on Tuesday, reaching $4.84. 100,495 shares of the company's stock were exchanged, compared to its average volume of 1,411,956. The company has a debt-to-equity ratio of 0.22, a quick ratio of 71.03 and a current ratio of 71.03. Twenty One Capital has a 52-week low of $4.15 and a 52-week high of $12.51. The business's fifty day moving average price is $5.11 and its two-hundred day moving average price is $6.43. The stock has a market capitalization of $3.15 billion, a PE ratio of -34.60 and a beta of -1.41.

Twenty One Capital (NYSE:XXI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.02) EPS for the quarter.

About Twenty One Capital

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.

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