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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,937 shares, an increase of 31.0% from the February 12th total of 1,479 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 13,696 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 13,696 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Inflection Point Acquisition Corp. III Price Performance

Inflection Point Acquisition Corp. III stock opened at $10.19 on Tuesday. Inflection Point Acquisition Corp. III has a 52 week low of $10.05 and a 52 week high of $10.35. The company’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IPCX. Linden Advisors LP lifted its position 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 worth $18,818,000 after purchasing an additional 275,000 shares during the period. Hudson Bay Capital Management LP boosted its stake 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 valued at $18,495,000 after purchasing 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 valued at $16,747,000. MMCAP International Inc. SPC acquired a new position in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at $14,098,000. Finally, Berkley W R Corp raised its stake in shares of Inflection Point Acquisition Corp. III by 198.4% in the 4th quarter. Berkley W R Corp now owns 1,184,193 shares of the company’s stock worth $12,008,000 after buying an additional 787,313 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.