Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Sees Significant Growth in Short Interest

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

Inflection Point Acquisition Corp. III Price Performance

Shares of IPCX stock remained flat at $10.14 on Friday. The company had a trading volume of 87,495 shares, compared to its average volume of 136,363. Inflection Point Acquisition Corp. III has a one year low of $10.05 and a one year high of $10.35. The company has a 50-day moving average price of $10.16.

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

Institutional Trading of Inflection Point Acquisition Corp. III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. bought a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $245,000. Virtu Financial LLC purchased a new position in Inflection Point Acquisition Corp. III during the 3rd quarter valued at approximately $273,000. Heights Capital Management Inc. bought a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $504,000. Meteora Capital LLC increased its stake in Inflection Point Acquisition Corp. III by 5.4% in the 3rd quarter. Meteora Capital LLC now owns 1,036,232 shares of the company’s stock worth $10,435,000 after acquiring an additional 53,335 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Inflection Point Acquisition Corp. III by 63.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after acquiring an additional 64,126 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Inflection Point Acquisition Corp. III Company Profile

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.