Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 21,000 shares, a growth of 6,900.0% from the November 30th total of 300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 131,700 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Inflection Point Acquisition Corp. II
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPXX. Geode Capital Management LLC grew its stake in shares of Inflection Point Acquisition Corp. II by 62.4% during the third quarter. Geode Capital Management LLC now owns 24,962 shares of the company's stock worth $268,000 after purchasing an additional 9,596 shares during the period. Cowen AND Company LLC lifted its position in Inflection Point Acquisition Corp. II by 55.2% during the 2nd quarter. Cowen AND Company LLC now owns 405,958 shares of the company's stock worth $4,303,000 after buying an additional 144,367 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Inflection Point Acquisition Corp. II by 20,059.0% in the second quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company's stock valued at $4,906,000 after purchasing an additional 460,554 shares in the last quarter. Shaolin Capital Management LLC acquired a new position in Inflection Point Acquisition Corp. II during the second quarter worth $6,229,000. Finally, Centiva Capital LP raised its holdings in shares of Inflection Point Acquisition Corp. II by 153.9% in the 3rd quarter. Centiva Capital LP now owns 634,645 shares of the company's stock valued at $6,816,000 after purchasing an additional 384,645 shares during the period.
Inflection Point Acquisition Corp. II Price Performance
Inflection Point Acquisition Corp. II stock traded up $0.50 during trading hours on Thursday, hitting $11.45. 4,733 shares of the stock were exchanged, compared to its average volume of 132,270. Inflection Point Acquisition Corp. II has a 12 month low of $10.31 and a 12 month high of $15.18. The business's 50-day moving average is $11.14 and its two-hundred day moving average is $10.83.
Inflection Point Acquisition Corp. II Company Profile
(
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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.
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