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

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 34,000 shares, an increase of 109.9% from the December 15th total of 16,200 shares. Based on an average daily volume of 59,800 shares, the days-to-cover ratio is currently 0.6 days.

Inflection Point Acquisition Corp. II Stock Performance

Shares of NASDAQ IPXXW traded down $0.01 during trading on Thursday, reaching $0.65. 7,002 shares of the company traded hands, compared to its average volume of 113,100. The firm’s fifty day simple moving average is $0.44 and its 200 day simple moving average is $0.26. Inflection Point Acquisition Corp. II has a 12-month low of $0.08 and a 12-month high of $0.77.

About Inflection Point Acquisition Corp. II

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.