Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Update

by · The Cerbat Gem

Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,342 shares, a growth of 185.7% from the November 30th total of 1,520 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 76,872 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 76,872 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Get Our Latest Analysis on Inflection Point Acquisition Corp. III

Inflection Point Acquisition Corp. III Stock Up 0.1%

NASDAQ:IPCX traded up $0.01 during trading hours on Friday, hitting $10.15. 56,158 shares of the company were exchanged, compared to its average volume of 142,249. Inflection Point Acquisition Corp. III has a one year low of $10.05 and a one year high of $10.35. The business’s fifty day moving average is $10.16.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.03 earnings per share for the quarter.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new stake in Inflection Point Acquisition Corp. III during the 2nd quarter worth about $4,848,000. Wealthspring Capital LLC bought a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $5,357,000. Wolverine Asset Management LLC grew its stake in Inflection Point Acquisition Corp. III by 63.8% during the third quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after purchasing an additional 64,126 shares during the period. JPMorgan Chase & Co. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter worth approximately $16,747,000. Finally, MMCAP International Inc. SPC acquired a new position in Inflection Point Acquisition Corp. III in the third quarter valued at approximately $14,098,000.

Inflection Point Acquisition Corp. III Company Profile

(Get Free Report)

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.

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