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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,853 shares, a decrease of 77.5% from the January 15th total of 8,233 shares. Based on an average daily volume of 80,230 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 80,230 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

Several hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of Inflection Point Acquisition Corp. III during the second quarter valued at about $4,848,000. Wealthspring Capital LLC purchased a new position in Inflection Point Acquisition Corp. III in the third 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 3rd quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock valued at $1,659,000 after purchasing an additional 64,126 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $16,747,000. Finally, MMCAP International Inc. SPC purchased a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $14,098,000.

Inflection Point Acquisition Corp. III Trading Down 0.1%

IPCX stock traded down $0.01 during trading on Tuesday, reaching $10.17. 70,361 shares of the stock traded hands, compared to its average volume of 59,512. The firm’s 50 day simple moving average is $10.14. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35.

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

Wall Street Analysts Forecast Growth

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

About Inflection Point Acquisition Corp. III

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.