Short Interest in Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) Decreases By 76.8%

Inflection Point Acquisition Corp. II (NASDAQ:IPXXW) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 7,900 shares, a decline of 76.8% from the December 31st total of 34,000 shares. Based on an average daily volume of 80,300 shares, the days-to-cover ratio is currently 0.1 days.

Inflection Point Acquisition Corp. II Price Performance

IPXXW traded up $0.02 during midday trading on Thursday, hitting $0.88. 50,005 shares of the company traded hands, compared to its average volume of 129,248. The company’s 50-day moving average is $0.55 and its 200 day moving average is $0.31. Inflection Point Acquisition Corp. II has a 52 week low of $0.08 and a 52 week high of $1.00.

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.