Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Sees Large Growth in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXX) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 6,000 shares, an increase of 5.3% from the September 30th total of 5,700 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 140,100 shares, the days-to-cover ratio is presently 0.0 days.

Inflection Point Acquisition Corp. II Trading Up 0.2 %

Shares of Inflection Point Acquisition Corp. II stock opened at $10.78 on Friday. Inflection Point Acquisition Corp. II has a 52-week low of $10.23 and a 52-week high of $11.00. The company has a 50 day moving average of $10.74 and a 200 day moving average of $10.64.

Institutional Trading of Inflection Point Acquisition Corp. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC purchased a new stake in shares of Inflection Point Acquisition Corp. II in the 2nd quarter worth about $6,229,000. Berkley W R Corp lifted its stake in Inflection Point Acquisition Corp. II by 636.0% during the second quarter. Berkley W R Corp now owns 1,095,681 shares of the company’s stock worth $11,614,000 after purchasing an additional 946,805 shares during the last quarter. Cowen AND Company LLC lifted its stake in Inflection Point Acquisition Corp. II by 55.2% in the second quarter. Cowen AND Company LLC now owns 405,958 shares of the company’s stock valued at $4,303,000 after buying an additional 144,367 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Inflection Point Acquisition Corp. II by 20,059.0% in the second quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock valued at $4,906,000 after buying an additional 460,554 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its stake in shares of Inflection Point Acquisition Corp. II by 28.6% during the second quarter. Picton Mahoney Asset Management now owns 1,125,000 shares of the company’s stock valued at $11,925,000 after purchasing an additional 250,000 shares in the last quarter.

About Inflection Point Acquisition Corp. II

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.