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

ITHAX Acquisition Corp III (NASDAQ:ITHA) was the recipient of a large decline in short interest during 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. Based on an average daily trading volume, of 2,971 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.

ITHAX Acquisition Corp III Stock Performance

Shares of NASDAQ ITHA traded up $0.03 during trading hours on Friday, hitting $10.03. 132 shares of the company traded hands, compared to its average volume of 40,540. The firm’s 50 day moving average is $9.99. ITHAX Acquisition Corp III has a 12 month low of $9.85 and a 12 month high of $10.09.

Analyst Ratings Changes

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

ITHAX Acquisition Corp III Company Profile

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.