Helix Acquisition Corp. III (NASDAQ:HLXC – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 864 shares, an increase of 83.1% from the August 31st total of 472 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,345 shares, the days-to-cover ratio is currently 0.6 days.
Helix Acquisition Corp. III Stock Performance
Shares of NASDAQ:HLXC traded up $0.04 during trading on Thursday, reaching $10.65. The stock had a trading volume of 38,629 shares, compared to its average volume of 40,756. Helix Acquisition Corp. III has a 52 week low of $10.11 and a 52 week high of $11.23. The business’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.43.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Helix Acquisition Corp. III Company Profile
Helix Acquisition Corp. III is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination. Its objective is to identify and merge with, acquire, or otherwise combine with one or more operating businesses.
Unlike an operating company, Helix Acquisition Corp. III does not manufacture products or provide commercial services. Its activities are focused on evaluating potential merger and acquisition opportunities, completing a transaction, and providing a target business with access to public capital markets.
The company’s filings describe a broad acquisition mandate rather than a specific industry or geographic focus.
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