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

ITHAX Acquisition Corp III (NASDAQ:ITHA) was the recipient of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 27,001 shares, the days-to-cover ratio is currently 0.1 days.

ITHAX Acquisition Corp III Stock Performance

Shares of ITHA traded up $0.02 during midday trading on Friday, hitting $10.09. The company had a trading volume of 595,101 shares, compared to its average volume of 46,293. ITHAX Acquisition Corp III has a 1 year low of $9.85 and a 1 year high of $10.11. The company’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $10.00.

Institutional Trading of ITHAX Acquisition Corp III

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

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating. According to data from MarketBeat, ITHAX Acquisition Corp III has a consensus rating of “Sell”.

About ITHAX Acquisition Corp III

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.