Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Up 185.7% in December

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the target of a large growth in short interest during the month of 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 stock are sold short. Based on an average daily trading volume, of 76,872 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 76,872 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in Inflection Point Acquisition Corp. III during the 2nd quarter valued at $4,848,000. Wealthspring Capital LLC bought a new stake in shares of Inflection Point Acquisition Corp. III during the third quarter valued at about $5,357,000. Wolverine Asset Management LLC lifted its holdings in Inflection Point Acquisition Corp. III by 63.8% in the third quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after purchasing an additional 64,126 shares during the period. JPMorgan Chase & Co. bought a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $16,747,000. Finally, MMCAP International Inc. SPC bought a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $14,098,000.

Inflection Point Acquisition Corp. III Stock Performance

Shares of NASDAQ IPCX opened at $10.14 on Friday. Inflection Point Acquisition Corp. III has a 52 week low of $10.05 and a 52 week high of $10.35. The company has a 50-day simple moving average of $10.16.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Inflection Point Acquisition Corp. III

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.