Helix Acquisition Corp. III (NASDAQ:HLXC) Shares Shorted: Short Interest Up 450.0% in October

Helix Acquisition Corp. III (NASDAQ:HLXC) was the target of a significant 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. Based on an average trading volume of 60,587 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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 MarketBeat, the stock currently has an average rating of “Sell”.

Helix Acquisition Corp. III Price Performance

Helix Acquisition Corp. III stock traded up $0.02 on Thursday, reaching $10.30. The company’s stock had a trading volume of 939 shares, compared to its average volume of 51,107. The business’s fifty day moving average price is $10.47 and its 200 day moving average price is $10.39. Helix Acquisition Corp. III has a twelve month low of $10.11 and a twelve month high of $11.23.

About Helix Acquisition Corp. III

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.