Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Up 91.4% in June

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,040 shares, a growth of 91.4% from the May 31st total of 1,066 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 60,136 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Inflection Point Acquisition Corp. III Stock Up 0.0%

Inflection Point Acquisition Corp. III stock traded up $0.01 during midday trading on Thursday, hitting $10.34. 17,493 shares of the company were exchanged, compared to its average volume of 60,100. The business has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $10.23. Inflection Point Acquisition Corp. III has a fifty-two week low of $10.05 and a fifty-two week high of $10.34.

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

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

Institutional investors have recently modified their holdings of the company. Linden Advisors LP increased its stake in Inflection Point Acquisition Corp. III by 17.3% in the third quarter. Linden Advisors LP now owns 1,865,000 shares of the company’s stock valued at $18,818,000 after purchasing an additional 275,000 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in shares of Inflection Point Acquisition Corp. III by 287.5% in the third quarter. Hudson Bay Capital Management LP now owns 1,833,042 shares of the company’s stock valued at $18,495,000 after buying an additional 1,360,042 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter worth $16,747,000. Berkley W R Corp increased its holdings in 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 in the last quarter. Finally, AQR Arbitrage LLC acquired a new position in Inflection Point Acquisition Corp. III during the third quarter worth about $10,585,000.

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.