Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) Sees Large Increase in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 37,500 shares, a growth of 148.3% from the September 15th total of 15,100 shares. Based on an average trading volume of 73,300 shares, the days-to-cover ratio is currently 0.5 days.

Inflection Point Acquisition Corp. II Price Performance

Shares of IPXXW stock remained flat at $0.17 during trading hours on Friday. The stock’s 50-day moving average is $0.18 and its 200 day moving average is $0.14. Inflection Point Acquisition Corp. II has a 52 week low of $0.04 and a 52 week high of $0.48.

Inflection Point Acquisition Corp. II Company Profile

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.