Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) Sees Significant Decline in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 35.0% from the February 29th total of 2,000 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.2 days.

Inflection Point Acquisition Corp. II Trading Down 3.6 %

NASDAQ IPXXW traded down $0.01 on Friday, reaching $0.14. 2,014 shares of the company’s stock traded hands, compared to its average volume of 15,229. The stock has a 50 day moving average price of $0.13 and a 200-day moving average price of $0.14. Inflection Point Acquisition Corp. II has a fifty-two week low of $0.04 and a fifty-two week high of $1.00.

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.