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 May. As of May 15th, there was short interest totaling 926 shares, a decline of 37.7% from the April 30th total of 1,486 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 70,895 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPCX. JPMorgan Chase & Co. bought a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $16,747,000. MMCAP International Inc. SPC bought a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $14,098,000. Hudson Bay Capital Management LP raised its holdings in Inflection Point Acquisition Corp. III by 287.5% during 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 period. AQR Arbitrage LLC bought a new position in Inflection Point Acquisition Corp. III in the third quarter valued at approximately $10,585,000. Finally, Berkley W R Corp boosted its holdings in shares of Inflection Point Acquisition Corp. III by 198.4% in the fourth quarter. Berkley W R Corp now owns 1,184,193 shares of the company’s stock valued at $12,008,000 after buying an additional 787,313 shares during the period.

Wall Street Analysts Forecast Growth

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

Inflection Point Acquisition Corp. III Stock Performance

NASDAQ:IPCX remained flat at $10.32 during mid-day trading on Thursday. The company’s stock had a trading volume of 139 shares, compared to its average volume of 62,915. Inflection Point Acquisition Corp. III has a 1 year low of $10.05 and a 1 year high of $10.35. The company has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.20.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last posted its earnings results on Thursday, May 14th. The company reported $0.07 earnings per share 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.