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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 4,342 shares, a growth of 185.7% from the November 30th total of 1,520 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 76,872 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 76,872 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. purchased a new position in Inflection Point Acquisition Corp. III during the third quarter worth about $245,000. Virtu Financial LLC purchased a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $273,000. Heights Capital Management Inc. bought a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $504,000. Meteora Capital LLC boosted its stake in shares of Inflection Point Acquisition Corp. III by 5.4% in the 3rd quarter. Meteora Capital LLC now owns 1,036,232 shares of the company’s stock worth $10,435,000 after buying an additional 53,335 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Inflection Point Acquisition Corp. III by 63.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after buying an additional 64,126 shares during the last quarter.

Inflection Point Acquisition Corp. III Stock Up 0.1%

Shares of Inflection Point Acquisition Corp. III stock traded up $0.01 on Friday, hitting $10.15. The company had a trading volume of 56,158 shares, compared to its average volume of 142,249. Inflection Point Acquisition Corp. III has a 1 year low of $10.05 and a 1 year high of $10.35. The stock’s 50 day simple moving average is $10.16.

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

Wall Street Analysts Forecast Growth

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

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.