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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the target of a large decline in short interest in 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 trading volume, of 192,550 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 192,550 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in shares of Inflection Point Acquisition Corp. III in the third quarter valued at $16,747,000. Hudson Bay Capital Management LP boosted its stake in Inflection Point Acquisition Corp. III by 287.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 1,833,042 shares of the company’s stock worth $18,495,000 after buying an additional 1,360,042 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $245,000. Heights Capital Management Inc. purchased a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $504,000. Finally, Meteora Capital LLC increased its stake in shares of Inflection Point Acquisition Corp. III by 5.4% during the 3rd quarter. Meteora Capital LLC now owns 1,036,232 shares of the company’s stock valued at $10,435,000 after acquiring an additional 53,335 shares during the last quarter.

Analysts Set New Price Targets

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

Inflection Point Acquisition Corp. III Trading Up 0.1%

NASDAQ:IPCX traded up $0.01 on Friday, reaching $10.17. The stock had a trading volume of 251,951 shares, compared to its average volume of 96,857. Inflection Point Acquisition Corp. III has a 12-month low of $10.05 and a 12-month high of $10.35. The stock’s fifty day simple moving average is $10.15.

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

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.