Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Up 47.3% in March

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,441 shares, a growth of 47.3% from the March 15th total of 978 shares. Based on an average daily volume of 51,197 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Inflection Point Acquisition Corp. III Trading Up 0.0%

Inflection Point Acquisition Corp. III stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.26. The company had a trading volume of 1,098 shares, compared to its average volume of 21,414. Inflection Point Acquisition Corp. III has a 12-month low of $10.05 and a 12-month high of $10.35. The company’s fifty day moving average is $10.20 and its 200-day moving average is $10.17.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last posted its earnings results on Monday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

A number of institutional investors have recently modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new stake in Inflection Point Acquisition Corp. III in the 4th quarter worth $51,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Inflection Point Acquisition Corp. III in the third quarter worth approximately $245,000. Virtu Financial LLC purchased a new stake in shares of Inflection Point Acquisition Corp. III during the third quarter worth approximately $273,000. Heights Capital Management Inc. acquired a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $504,000. Finally, Readystate Asset Management LP purchased a new position in Inflection Point Acquisition Corp. III in the 4th quarter valued at $507,000.

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.