Helix Acquisition Corp. III (NASDAQ:HLXC) Short Interest Up 544.7% in August

Helix Acquisition Corp. III (NASDAQ:HLXC) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 16,104 shares, an increase of 544.7% from the July 30th total of 2,498 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 43,632 shares, the days-to-cover ratio is currently 0.4 days.

Helix Acquisition Corp. III Stock Performance

Shares of NASDAQ:HLXC traded up $0.04 during trading on Thursday, reaching $10.96. 621 shares of the company were exchanged, compared to its average volume of 30,269. The business’s fifty day simple moving average is $10.55 and its 200-day simple moving average is $10.35. Helix Acquisition Corp. III has a 12-month low of $10.11 and a 12-month high of $11.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Helix Acquisition Corp. III in a research note on Friday, August 14th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Helix Acquisition Corp. III is based in BOSTON.