Helix Acquisition Corp. III (NASDAQ:HLXC) Shares Shorted: Short Interest Up 83.1% in September

Helix Acquisition Corp. III (NASDAQ:HLXC) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 864 shares, an increase of 83.1% from the August 31st total of 472 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,345 shares, the days-to-cover ratio is currently 0.6 days.

Helix Acquisition Corp. III Stock Down 0.1%

Shares of Helix Acquisition Corp. III stock traded down $0.01 on Tuesday, hitting $10.74. The company had a trading volume of 10,611 shares, compared to its average volume of 33,744. The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.42. Helix Acquisition Corp. III has a twelve month low of $10.11 and a twelve month high of $11.23.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Helix Acquisition Corp. III

Helix Acquisition Corp. III is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination. Its objective is to identify and merge with, acquire, or otherwise combine with one or more operating businesses.

Unlike an operating company, Helix Acquisition Corp. III does not manufacture products or provide commercial services. Its activities are focused on evaluating potential merger and acquisition opportunities, completing a transaction, and providing a target business with access to public capital markets.

The company’s filings describe a broad acquisition mandate rather than a specific industry or geographic focus.