ITHAX Acquisition Corp III (NASDAQ:ITHA) Stock Short Interest Drops 39.0%

ITHAX Acquisition Corp III (NASDAQ:ITHA) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,351 shares, a decline of 39.0% from the September 15th total of 2,215 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 27,001 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ITHAX Acquisition Corp III

A hedge fund recently bought a new stake in ITHAX Acquisition Corp III stock. BlueCrest Capital Management Ltd purchased a new stake in ITHAX Acquisition Corp III (NASDAQ:ITHA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 650,000 shares of the company’s stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned about 2.44% of ITHAX Acquisition Corp III as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings raised ITHAX Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

ITHAX Acquisition Corp III Stock Up 0.2%

NASDAQ:ITHA opened at $10.09 on Friday. The company has a 50-day moving average of $10.06 and a 200-day moving average of $10.00. ITHAX Acquisition Corp III has a 52 week low of $9.85 and a 52 week high of $10.11.

ITHAX Acquisition Corp III Company Profile

ITHAX Acquisition Corp III is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol ITHA. The company was formed to pursue a business combination with one or more operating companies through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating business, ITHAX Acquisition Corp III does not currently provide products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets, negotiating a transaction and completing a business combination that would result in a publicly traded operating company.

The company may consider targets in a range of industries and geographic markets, subject to the investment criteria established by its management and governing documents.