Helix Acquisition Corp. III (NASDAQ:HLXC) Short Interest Update

Helix Acquisition Corp. III (NASDAQ:HLXC) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 864 shares, an increase 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 trading volume of 1,345 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

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

Helix Acquisition Corp. III Price Performance

NASDAQ HLXC traded down $0.12 during trading hours on Wednesday, hitting $10.62. The company’s stock had a trading volume of 38,629 shares, compared to its average volume of 40,756. The company’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $10.43. Helix Acquisition Corp. III has a 12 month low of $10.11 and a 12 month high of $11.23.

Helix Acquisition Corp. III Company Profile

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.