Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Short Interest Up 251.4% in February

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 short-interest ratio is currently 2.7 days. Currently, 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Institutional Trading of Inflection Point Acquisition Corp. II

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Berkley W R Corp boosted its stake in Inflection Point Acquisition Corp. II by 10.0% during the 3rd quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock valued at $12,955,000 after acquiring an additional 109,450 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Inflection Point Acquisition Corp. II by 62.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,962 shares of the company’s stock valued at $268,000 after purchasing an additional 9,596 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Inflection Point Acquisition Corp. II by 111.7% during the third quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company’s stock worth $10,534,000 after purchasing an additional 517,067 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Inflection Point Acquisition Corp. II by 42.4% in the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company’s stock worth $21,441,000 after purchasing an additional 595,250 shares in the last quarter. Finally, Westchester Capital Management LLC increased its holdings in Inflection Point Acquisition Corp. II by 7.6% in the third quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company’s stock valued at $26,504,000 after buying an additional 175,000 shares during the last quarter.

Inflection Point Acquisition Corp. II Stock Up 0.6 %

Shares of IPXX opened at $11.13 on Friday. The business’s 50 day moving average is $12.02 and its two-hundred day moving average is $11.31. Inflection Point Acquisition Corp. II has a 52-week low of $10.44 and a 52-week high of $15.18.

Inflection Point Acquisition Corp. II Company Profile

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.