Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Sees Large Decline in Short Interest

Inflection Point Acquisition Corp. II (NASDAQ:IPXX) saw a significant decline in short interest in August. As of August 15th, there was short interest totalling 5,900 shares, a decline of 14.5% from the July 31st total of 6,900 shares. Based on an average daily volume of 186,700 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC purchased a new position in Inflection Point Acquisition Corp. II during the second quarter valued at $6,229,000. Berkley W R Corp increased its position in Inflection Point Acquisition Corp. II by 636.0% during the second quarter. Berkley W R Corp now owns 1,095,681 shares of the company’s stock valued at $11,614,000 after acquiring an additional 946,805 shares during the last quarter. Cowen AND Company LLC increased its position in Inflection Point Acquisition Corp. II by 55.2% during the second quarter. Cowen AND Company LLC now owns 405,958 shares of the company’s stock valued at $4,303,000 after acquiring an additional 144,367 shares during the last quarter. Wolverine Asset Management LLC increased its position in Inflection Point Acquisition Corp. II by 20,059.0% during the second quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock valued at $4,906,000 after acquiring an additional 460,554 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in Inflection Point Acquisition Corp. II by 28.6% during the second quarter. Picton Mahoney Asset Management now owns 1,125,000 shares of the company’s stock valued at $11,925,000 after acquiring an additional 250,000 shares during the last quarter.

Inflection Point Acquisition Corp. II Trading Down 0.1 %

Shares of NASDAQ IPXX traded down $0.01 during mid-day trading on Monday, hitting $10.67. 42,100 shares of the stock traded hands, compared to its average volume of 137,687. Inflection Point Acquisition Corp. II has a 52 week low of $10.16 and a 52 week high of $11.00. The stock has a fifty day moving average price of $10.64 and a 200-day moving average price of $10.55.

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.