Short Interest in ITHAX Acquisition Corp III (NASDAQ:ITHA) Declines By 73.2%

ITHAX Acquisition Corp III (NASDAQ:ITHA) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,493 shares, a decline of 73.2% from the July 15th total of 9,286 shares. Based on an average daily trading volume, of 2,971 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

ITHAX Acquisition Corp III Trading Down 0.2%

Shares of ITHA traded down $0.02 during midday trading on Thursday, reaching $10.01. The stock had a trading volume of 1,006 shares, compared to its average volume of 2,379. The business has a fifty day moving average price of $9.99. ITHAX Acquisition Corp III has a 1-year low of $9.85 and a 1-year high of $10.09.

ITHAX Acquisition Corp III Company Profile

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.