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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 8,233 shares, a growth of 197.4% from the December 31st total of 2,768 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 41,269 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 41,269 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

A number of large investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Inflection Point Acquisition Corp. III in the third quarter valued at about $245,000. Virtu Financial LLC purchased a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $273,000. Heights Capital Management Inc. acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter worth about $504,000. Parallax Volatility Advisers L.P. purchased a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $960,000. Finally, Gabelli Funds LLC acquired a new position in shares of Inflection Point Acquisition Corp. III during the third quarter valued at approximately $1,080,000.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Inflection Point Acquisition Corp. III Stock Performance

IPCX stock opened at $10.16 on Thursday. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35. The stock’s 50-day moving average price is $10.14.

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

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.