Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Sees Significant Increase in Short Interest
by Jessica Moore · The Cerbat GemInflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,937 shares, an increase of 31.0% from the February 12th total of 1,479 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 13,696 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 13,696 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Trading of Inflection Point Acquisition Corp. III
A number of institutional investors and hedge funds have recently made changes to their positions in IPCX. Wealthspring Capital LLC bought a new position in Inflection Point Acquisition Corp. III during the 3rd quarter worth $5,357,000. Hudson Bay Capital Management LP bought a new stake in Inflection Point Acquisition Corp. III in the second quarter valued at $4,848,000. JPMorgan Chase & Co. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $16,747,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Inflection Point Acquisition Corp. III during the third quarter valued at $1,438,000. Finally, MMCAP International Inc. SPC bought a new position in shares of Inflection Point Acquisition Corp. III during the third quarter worth about $14,098,000.
Inflection Point Acquisition Corp. III Price Performance
Shares of NASDAQ:IPCX remained flat at $10.18 during trading on Friday. 100,034 shares of the company were exchanged, compared to its average volume of 38,308. Inflection Point Acquisition Corp. III has a twelve month low of $10.05 and a twelve month high of $10.35. The company’s 50 day moving average is $10.17 and its 200 day moving average is $10.15.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research 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 an average rating of “Sell”.
View Our Latest Stock Report on IPCX
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.