Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Short Interest Update

Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 6,000 shares, a growth of 5.3% from the September 30th total of 5,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 140,100 shares, the days-to-cover ratio is presently 0.0 days.

Inflection Point Acquisition Corp. II Trading Down 0.2 %

Inflection Point Acquisition Corp. II stock traded down $0.02 during mid-day trading on Thursday, hitting $10.76. The company had a trading volume of 18,656 shares, compared to its average volume of 130,995. The company's fifty day moving average is $10.74 and its 200-day moving average is $10.64. Inflection Point Acquisition Corp. II has a 12-month low of $10.23 and a 12-month high of $11.00.

Institutional Trading of Inflection Point Acquisition Corp. II

Hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in Inflection Point Acquisition Corp. II by 250.0% in the 1st quarter. Picton Mahoney Asset Management now owns 875,000 shares of the company's stock worth $9,157,000 after purchasing an additional 625,000 shares during the period. Maso Capital Partners Ltd purchased a new position in shares of Inflection Point Acquisition Corp. II during the 1st quarter valued at approximately $1,047,000. Virtu Financial LLC acquired a new stake in Inflection Point Acquisition Corp. II in the 1st quarter valued at $720,000. Wolverine Asset Management LLC increased its holdings in Inflection Point Acquisition Corp. II by 20,059.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company's stock worth $4,906,000 after acquiring an additional 460,554 shares in the last quarter. Finally, Cowen AND Company LLC raised its position in Inflection Point Acquisition Corp. II by 55.2% during the second quarter. Cowen AND Company LLC now owns 405,958 shares of the company's stock worth $4,303,000 after acquiring an additional 144,367 shares during the period.

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.