X3 Holdings Co Ltd Share Price Decline Linked to Rising Short Interest

X3 Holdings Co., Ltd. (NASDAQ: XTKG) Short Interest Update

March 30, 2023, 8:00 am EST

Short interest in X3 Holdings Co., Ltd. (NASDAQ: XTKG) has increased by 21.4% to 1.65 million shares, according to the latest data from the NASDAQ. The short interest represents 1.2% of the company's float.

The increase in short interest comes as the company's stock price has continued to decline. XTKG has lost 44.4% of its value over the past month, and 78.4% year-to-date. The stock closed at $2.49 on March 29, down from $11.11 at the beginning of the year.

The increase in short interest may be a sign that some investors are betting against the company's ability to recover. However, it's also possible that the increase is due to traders simply adjusting their positions in response to market conditions.

X3 Holdings Co., Ltd. is a technology company that provides a range of products and services, including software, hardware, and consulting. The company went public in November 2022, raising $200 million in its initial public offering.

The short interest update is based on data from the NASDAQ as of March 15, 2023. The data is subject to change and may not reflect the current short interest in XTKG.