Short Interest in Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) Drops By 20.7%

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 15,300 shares, a drop of 20.7% from the October 31st total of 19,300 shares. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is presently 0.3 days.

Inflection Point Acquisition Corp. II Stock Down 9.0 %

NASDAQ:IPXXW traded down $0.03 during trading hours on Friday, hitting $0.30. The stock had a trading volume of 2,800 shares, compared to its average volume of 51,843. The business has a 50 day simple moving average of $0.23 and a two-hundred day simple moving average of $0.16. Inflection Point Acquisition Corp. II has a 1-year low of $0.04 and a 1-year 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.