Helix Acquisition Corp. (NASDAQ:HLXA) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,900 shares, a drop of 27.2% from the August 15th total of 8,100 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.
Several hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its position in shares of Helix Acquisition by 178.7% during the 2nd quarter. Millennium Management LLC now owns 55,735 shares of the company’s stock valued at $577,000 after purchasing an additional 35,735 shares during the period. Radcliffe Capital Management L.P. boosted its stake in shares of Helix Acquisition by 25.7% during the 2nd quarter. Radcliffe Capital Management L.P. now owns 25,131 shares of the company’s stock worth $260,000 after acquiring an additional 5,131 shares in the last quarter. Glazer Capital LLC boosted its stake in shares of Helix Acquisition by 5,154.2% during the 2nd quarter. Glazer Capital LLC now owns 57,849 shares of the company’s stock worth $599,000 after acquiring an additional 56,748 shares in the last quarter. Finepoint Capital LP bought a new stake in shares of Helix Acquisition during the 2nd quarter worth $3,616,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Helix Acquisition during the 2nd quarter worth $725,000. Institutional investors own 93.83% of the company’s stock.
Shares of HLXA stock traded up $0.04 during mid-day trading on Monday, hitting $9.99. 1,070 shares of the stock traded hands, compared to its average volume of 24,772. Helix Acquisition has a twelve month low of $9.81 and a twelve month high of $13.00. The company’s 50-day simple moving average is $9.95 and its 200-day simple moving average is $10.12.
Helix Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Boston, Massachusetts.
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