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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 978 shares, a decline of 49.5% from the February 26th total of 1,937 shares. Based on an average daily trading volume, of 61,830 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IPCX. PenderFund Capital Management Ltd. acquired a new stake in shares of Inflection Point Acquisition Corp. III in the 4th quarter valued at $51,000. Geode Capital Management LLC increased its position in shares of Inflection Point Acquisition Corp. III by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 65,585 shares of the company’s stock worth $665,000 after purchasing an additional 6,708 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Inflection Point Acquisition Corp. III by 12.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 180,000 shares of the company’s stock valued at $1,825,000 after purchasing an additional 20,025 shares during the last quarter. Cantor Fitzgerald L. P. bought a new position in Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $245,000. Finally, Virtu Financial LLC acquired a new position in Inflection Point Acquisition Corp. III in the third quarter valued at about $273,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Inflection Point Acquisition Corp. III currently has an average rating of “Sell”.

Inflection Point Acquisition Corp. III Trading Down 0.1%

Shares of IPCX traded down $0.01 during mid-day trading on Thursday, reaching $10.21. The company had a trading volume of 28,628 shares, compared to its average volume of 53,497. Inflection Point Acquisition Corp. III has a twelve month low of $10.05 and a twelve month high of $10.35. The company’s 50-day moving average is $10.17 and its 200-day moving average is $10.15.

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.