Short Interest in Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Grows By 47.3%

Key Points

• Short interest surged 47.3% to 1,441 shares as of March 31 (up from 978 on March 15), but this still represents 0.0% of shares sold short and a short-interest ratio of 0.0 days given the stock's high average volume.
• Shares trade around $10.26 within a tight 52-week range of $10.05–$10.35; the company reported a quarterly EPS loss of $0.06 and the consensus analyst stance is Sell (Weiss Ratings reiterated a "sell (e+)" rating).
• Several institutions have established sizable new stakes—JPMorgan (~$16.7M), Wealthspring (~$5.36M) and Hudson Bay (~$4.85M) among others—indicating notable institutional inflows despite negative analyst sentiment.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,441 shares, a growth of 47.3% from the March 15th total of 978 shares. Based on an average trading volume of 51,197 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Inflection Point Acquisition Corp. III Price Performance

Shares of NASDAQ IPCX traded up $0.01 during mid-day trading on Tuesday, reaching $10.26. 464 shares of the company traded hands, compared to its average volume of 42,669. Inflection Point Acquisition Corp. III has a fifty-two week low of $10.05 and a fifty-two week high of $10.35. The stock has a fifty day simple moving average of $10.19 and a 200-day simple moving average of $10.17.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX - Get Free Report) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of Inflection Point Acquisition Corp. III during the third quarter worth approximately $16,747,000. Wealthspring Capital LLC acquired a new position in shares of Inflection Point Acquisition Corp. III in the 3rd quarter valued at approximately $5,357,000. Hudson Bay Capital Management LP bought a new stake in Inflection Point Acquisition Corp. III during the 2nd quarter worth approximately $4,848,000. Radcliffe Capital Management L.P. bought a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $2,661,000. Finally, Gabelli Funds LLC acquired a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth approximately $1,080,000.

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.

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