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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,040 shares, an increase of 91.4% from the May 31st total of 1,066 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 60,136 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Inflection Point Acquisition Corp. III in a research note on Friday, May 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

Shares of NASDAQ:IPCX remained flat at $10.33 on Wednesday. The stock had a trading volume of 1,294 shares, compared to its average volume of 59,229. Inflection Point Acquisition Corp. III has a twelve month low of $10.05 and a twelve month high of $10.34. The business has a 50-day moving average of $10.31 and a 200 day moving average of $10.22.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.07 earnings per share for the quarter.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at approximately $16,747,000. Hudson Bay Capital Management LP raised its stake in Inflection Point Acquisition Corp. III by 287.5% in the third quarter. Hudson Bay Capital Management LP now owns 1,833,042 shares of the company’s stock valued at $18,495,000 after buying an additional 1,360,042 shares during the last quarter. AQR Arbitrage LLC purchased a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at about $10,585,000. Berkley W R Corp boosted its holdings in Inflection Point Acquisition Corp. III by 198.4% in the fourth quarter. Berkley W R Corp now owns 1,184,193 shares of the company’s stock worth $12,008,000 after acquiring an additional 787,313 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Inflection Point Acquisition Corp. III during the third quarter worth about $7,552,000.

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.