Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Sees Significant Increase in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 36,900 shares, a growth of 251.4% from the January 31st total of 10,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 2.7 days.

Inflection Point Acquisition Corp. II Trading Up 0.6 %

Shares of IPXX traded up $0.07 during mid-day trading on Tuesday, reaching $11.13. The company had a trading volume of 9,939 shares, compared to its average volume of 118,363. Inflection Point Acquisition Corp. II has a twelve month low of $10.44 and a twelve month high of $15.18. The company's 50-day moving average is $12.02 and its 200-day moving average is $11.32.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPXX. Decagon Asset Management LLP acquired a new stake in shares of Inflection Point Acquisition Corp. II during the fourth quarter worth approximately $8,724,000. Newtyn Management LLC acquired a new stake in Inflection Point Acquisition Corp. II in the 4th quarter valued at about $8,036,000. Harraden Circle Investments LLC bought a new position in shares of Inflection Point Acquisition Corp. II in the fourth quarter worth about $8,036,000. Mizuho Securities USA LLC lifted its position in shares of Inflection Point Acquisition Corp. II by 42.4% during the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company's stock worth $21,441,000 after purchasing an additional 595,250 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Inflection Point Acquisition Corp. II by 111.7% during the third quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company's stock valued at $10,534,000 after purchasing an additional 517,067 shares during the last quarter.

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Analysts Set New Price Targets

Separately, Benchmark upgraded shares of Inflection Point Acquisition Corp. II to a "strong-buy" rating in a research report on Thursday, February 27th.

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.