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 the month of December. As of December 31st, there was short interest totaling 2,768 shares, a decline of 36.3% from the December 15th total of 4,342 shares. Based on an average daily volume of 192,550 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 192,550 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $16,747,000. MMCAP International Inc. SPC acquired a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at approximately $14,098,000. Hudson Bay Capital Management LP raised its stake in shares of Inflection Point Acquisition Corp. III by 287.5% during 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 purchasing an additional 1,360,042 shares during the period. AQR Arbitrage LLC acquired a new position in shares of Inflection Point Acquisition Corp. III during the third quarter worth $10,585,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Inflection Point Acquisition Corp. III in the third quarter valued at $7,552,000.

Inflection Point Acquisition Corp. III Stock Up 0.1%

Shares of Inflection Point Acquisition Corp. III stock traded up $0.01 during trading hours on Friday, hitting $10.17. The company’s stock had a trading volume of 251,951 shares, compared to its average volume of 96,857. Inflection Point Acquisition Corp. III has a 1-year low of $10.05 and a 1-year high of $10.35. The firm has a fifty day moving average price of $10.15.

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

Wall Street Analysts Forecast Growth

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