Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) Sees Significant Growth in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 19,300 shares, an increase of 24.5% from the October 15th total of 15,500 shares. Based on an average daily volume of 74,400 shares, the short-interest ratio is currently 0.3 days.

Inflection Point Acquisition Corp. II Price Performance

Shares of NASDAQ:IPXXW remained flat at $0.31 during mid-day trading on Friday. The company’s 50 day moving average is $0.21 and its 200-day moving average is $0.15. Inflection Point Acquisition Corp. II has a 12-month low of $0.04 and a 12-month high of $0.35.

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.