ITHAX Acquisition Corp III (NASDAQ:ITHA) Stock Short Interest Report for September

Key Points

• Short interest fell 39% to 1,351 shares as of September 30, representing about 0.0% of shares outstanding and just 0.1 days to cover.
• Weiss Ratings upgraded ITHAX Acquisition Corp III from “sell (e+)” to “sell (d-),” while the stock retains an overall “Sell” rating from analysts.
• BlueCrest Capital Management initiated a position of 650,000 shares valued at approximately $6.5 million, equivalent to about 2.44% of the SPAC.

ITHAX Acquisition Corp III (NASDAQ:ITHA - Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,351 shares, a drop of 39.0% from the September 15th total of 2,215 shares. Based on an average daily trading volume, of 27,001 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded ITHAX Acquisition Corp III from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of "Sell".

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ITHAX Acquisition Corp III stock. BlueCrest Capital Management Ltd bought a new stake in ITHAX Acquisition Corp III (NASDAQ:ITHA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 650,000 shares of the company's stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned approximately 2.44% of ITHAX Acquisition Corp III as of its most recent SEC filing.

ITHAX Acquisition Corp III Trading Up 0.2%

Shares of ITHA stock traded up $0.02 during trading hours on Friday, hitting $10.09. 595,101 shares of the company's stock were exchanged, compared to its average volume of 46,293. ITHAX Acquisition Corp III has a fifty-two week low of $9.85 and a fifty-two week high of $10.11. The firm has a 50 day moving average of $10.06 and a two-hundred day moving average of $10.00.

ITHAX Acquisition Corp III Company Profile

ITHAX Acquisition Corp III is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol ITHA. The company was formed to pursue a business combination with one or more operating companies through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating business, ITHAX Acquisition Corp III does not currently provide products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets, negotiating a transaction and completing a business combination that would result in a publicly traded operating company.

The company may consider targets in a range of industries and geographic markets, subject to the investment criteria established by its management and governing documents.

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