ITHAX Acquisition Corp III (NASDAQ:ITHA) Short Interest Update

ITHAX Acquisition Corp III (NASDAQ:ITHA) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,493 shares, a decline of 73.2% from the July 15th total of 9,286 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,971 shares, the days-to-cover ratio is currently 0.8 days.

ITHAX Acquisition Corp III Stock Up 0.3%

ITHA stock traded up $0.03 during trading on Friday, hitting $10.03. The company had a trading volume of 132 shares, compared to its average volume of 2,451. ITHAX Acquisition Corp III has a 1-year low of $9.85 and a 1-year high of $10.09. The company has a 50-day simple moving average of $9.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of ITHAX Acquisition Corp III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ITHAX Acquisition Corp III currently has a consensus rating of “Sell”.

About ITHAX Acquisition Corp III

ITHAX Acquisition Corp III (NASDAQ: ITHA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its primary purpose is to raise capital through a public offering and use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. Like other SPACs, it does not conduct traditional operating activities prior to a qualifying merger.

The company’s core activities include sourcing potential target companies, conducting due diligence, structuring a merger or acquisition and securing shareholder approval for a proposed business combination.