Helix Acquisition Corp. III (NASDAQ:HLXC) Shares Shorted: Short Interest Up 83.1% in September

Helix Acquisition Corp. III (NASDAQ:HLXC) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 864 shares, a growth of 83.1% from the August 31st total of 472 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,345 shares, the days-to-cover ratio is currently 0.6 days.

Helix Acquisition Corp. III Price Performance

NASDAQ:HLXC traded down $0.01 on Tuesday, hitting $10.74. The company’s stock had a trading volume of 10,611 shares, compared to its average volume of 33,744. The stock has a fifty day moving average of $10.67 and a two-hundred day moving average of $10.42. Helix Acquisition Corp. III has a one year low of $10.11 and a one year high of $11.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Helix Acquisition Corp. III presently has an average rating of “Sell”.

About Helix Acquisition Corp. III

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.