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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 8,233 shares, a growth of 197.4% from the December 31st total of 2,768 shares. Based on an average trading volume of 41,269 shares, the short-interest ratio is currently 0.2 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 trading volume of 41,269 shares, the short-interest ratio is currently 0.2 days.

Inflection Point Acquisition Corp. III Stock Down 0.1%

NASDAQ:IPCX opened at $10.15 on Friday. Inflection Point Acquisition Corp. III has a one year low of $10.05 and a one year high of $10.35. The stock’s 50-day simple moving average is $10.14.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last issued its quarterly earnings data on Friday, November 14th. The company reported $0.03 EPS for the 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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. bought a new position in shares of Inflection Point Acquisition Corp. III in the third quarter valued at approximately $245,000. Virtu Financial LLC purchased a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $273,000. Heights Capital Management Inc. bought a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $504,000. Parallax Volatility Advisers L.P. purchased a new position in Inflection Point Acquisition Corp. III in the third quarter valued at approximately $960,000. Finally, Gabelli Funds LLC bought a new position in Inflection Point Acquisition Corp. III during the third quarter valued at $1,080,000.

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.