Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Sees Significant Increase in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXX) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 36,900 shares, an increase of 251.4% from the January 31st total of 10,500 shares. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised shares of Inflection Point Acquisition Corp. II to a “strong-buy” rating in a research report on Thursday.

Inflection Point Acquisition Corp. II Stock Up 0.6 %

NASDAQ:IPXX opened at $11.13 on Friday. The stock has a 50 day moving average of $12.02 and a 200-day moving average of $11.31. Inflection Point Acquisition Corp. II has a 52 week low of $10.44 and a 52 week high of $15.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Decagon Asset Management LLP bought a new stake in Inflection Point Acquisition Corp. II in the fourth quarter valued at $8,724,000. Newtyn Management LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II in the 4th quarter worth about $8,036,000. Harraden Circle Investments LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II in the 4th quarter worth about $8,036,000. Mizuho Securities USA LLC lifted its position in Inflection Point Acquisition Corp. II by 42.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company’s stock valued at $21,441,000 after purchasing an additional 595,250 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Inflection Point Acquisition Corp. II by 111.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company’s stock valued at $10,534,000 after purchasing an additional 517,067 shares during the period.

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.