Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Update

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,479 shares, a decrease of 20.2% from the January 29th total of 1,853 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 54,065 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 54,065 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

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

Inflection Point Acquisition Corp. III Price Performance

IPCX stock remained flat at $10.19 on Tuesday. 2,572 shares of the company traded hands, compared to its average volume of 53,082. The firm’s 50-day simple moving average is $10.16 and its 200 day simple moving average is $10.15. Inflection Point Acquisition Corp. III has a 1 year low of $10.05 and a 1 year high of $10.35.

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.