Helix Acquisition Corp. III (NASDAQ:HLXC) Short Interest Up 544.7% in August

Helix Acquisition Corp. III (NASDAQ:HLXC) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 16,104 shares, an increase of 544.7% from the July 30th total of 2,498 shares. Based on an average trading volume of 43,632 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Helix Acquisition Corp. III in a research note on Friday, August 14th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Helix Acquisition Corp. III presently has a consensus rating of “Sell”.

Helix Acquisition Corp. III Stock Up 0.3%

Shares of HLXC stock opened at $10.96 on Wednesday. Helix Acquisition Corp. III has a 52 week low of $10.11 and a 52 week high of $11.23. The firm has a 50 day moving average of $10.54 and a 200-day moving average of $10.35.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Helix Acquisition Corp. III is based in BOSTON.