Free Trial

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Sees Significant Increase in Short Interest

Key Points

  • Short interest jumped 31% to 1,937 shares as of Feb. 27 with a very low days-to-cover of 0.1 days, although this still represents approximately 0.0% of the company's shares outstanding.
  • Multiple institutional investors established new, multi‑million dollar positions in IPCX (notably JPMorgan ~$16.7M, Wealthspring ~$5.36M, Hudson Bay ~$4.85M), signaling notable institutional activity in the SPAC.
  • Shares were essentially flat at $10.18 with a tight 12‑month range (~$10.05–$10.35) and moving averages near $10.15, while Weiss Ratings and MarketBeat data show an average analyst rating of "Sell".
  • MarketBeat previews top five stocks to own in May.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX - Get Free Report) saw a large increase in short interest in 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. Approximately 0.0% of the shares of the company are short sold. 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. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Inflection Point Acquisition Corp. III

A number of institutional investors and hedge funds have recently made changes to their positions in IPCX. Wealthspring Capital LLC bought a new position in Inflection Point Acquisition Corp. III during the 3rd quarter worth $5,357,000. Hudson Bay Capital Management LP bought a new stake in Inflection Point Acquisition Corp. III in the second quarter valued at $4,848,000. JPMorgan Chase & Co. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $16,747,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Inflection Point Acquisition Corp. III during the third quarter valued at $1,438,000. Finally, MMCAP International Inc. SPC bought a new position in shares of Inflection Point Acquisition Corp. III during the third quarter worth about $14,098,000.

Inflection Point Acquisition Corp. III Price Performance

Shares of NASDAQ:IPCX remained flat at $10.18 during trading on Friday. 100,034 shares of the company were exchanged, compared to its average volume of 38,308. Inflection Point Acquisition Corp. III has a twelve month low of $10.05 and a twelve month high of $10.35. The company's 50 day moving average is $10.17 and its 200 day moving average is $10.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

View Our Latest Stock Report on IPCX

About Inflection Point Acquisition Corp. III

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Inflection Point Acquisition Corp. III Right Now?

Before you consider Inflection Point Acquisition Corp. III, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inflection Point Acquisition Corp. III wasn't on the list.

While Inflection Point Acquisition Corp. III currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines