Helix Acquisition Corp. III (NASDAQ:HLXC) Sees Significant Growth in Short Interest

Helix Acquisition Corp. III (NASDAQ:HLXC) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 550 shares, a growth of 450.0% from the October 15th total of 100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 60,587 shares, the days-to-cover ratio is presently 0.0 days.

Helix Acquisition Corp. III Stock Performance

NASDAQ:HLXC remained flat at $10.28 on Wednesday. 87,389 shares of the company’s stock were exchanged, compared to its average volume of 58,183. Helix Acquisition Corp. III has a 1-year low of $10.11 and a 1-year high of $11.23. The stock’s 50 day moving average is $10.49 and its two-hundred day moving average is $10.39.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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 MarketBeat, Helix Acquisition Corp. III currently has a consensus rating of “Sell”.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with an operating company. Rather than selling products or services of its own, the company was established to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar transaction. The company’s activities are centered on evaluating potential acquisition targets and negotiating a transaction that could provide a target business with access to public capital markets.