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

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 926 shares, a decrease of 37.7% from the April 30th total of 1,486 shares. Based on an average daily volume of 70,895 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Inflection Point Acquisition Corp. III Stock Performance

NASDAQ IPCX opened at $10.32 on Friday. The business’s 50-day moving average price is $10.28 and its two-hundred day moving average price is $10.20. Inflection Point Acquisition Corp. III has a 12 month low of $10.05 and a 12 month high of $10.35.

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

Institutional Investors Weigh In On Inflection Point Acquisition Corp. III

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake 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 shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $14,098,000. Hudson Bay Capital Management LP boosted its position in shares of 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. AQR Arbitrage LLC bought a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $10,585,000. Finally, Berkley W R Corp boosted its position in shares of Inflection Point Acquisition Corp. III by 198.4% during the 4th quarter. Berkley W R Corp now owns 1,184,193 shares of the company’s stock valued at $12,008,000 after purchasing an additional 787,313 shares in the last quarter.

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.