Helix Acquisition Corp. III (NASDAQ:HLXC) Stock Short Interest Jumps 450.0%

Helix Acquisition Corp. III (NASDAQ:HLXC) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 550 shares, a growth of 450.0% from the October 15th total of 100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 60,587 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Helix Acquisition Corp. III currently has an average rating of “Sell”.

Helix Acquisition Corp. III Stock Performance

Shares of HLXC stock traded up $0.03 during midday trading on Friday, hitting $10.31. 1,406 shares of the company were exchanged, compared to its average volume of 36,558. Helix Acquisition Corp. III has a 52 week low of $10.11 and a 52 week high of $11.23. The firm’s 50 day moving average price is $10.47 and its two-hundred day moving average price is $10.39.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Helix Acquisition Corp. III does not offer products or services of its own. Its principal activity is seeking and evaluating a potential business combination; the company’s future operations would depend on the business it ultimately joins with.