Inflection Point Acquisition Corp. III (NASDAQ:IPCX) Short Interest Up 132.3% in July

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,769 shares, an increase of 132.3% from the June 30th total of 2,053 shares. Based on an average daily volume of 35,021 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IPCX shares. Wall Street Zen cut Inflection Point Acquisition Corp. III from a “hold” rating to a “sell” rating in a report on Sunday. Benchmark began coverage on Inflection Point Acquisition Corp. III in a research report on Tuesday, July 21st. They set a “speculative buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings raised shares of Inflection Point Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Inflection Point Acquisition Corp. III Stock Up 8.9%

Shares of NASDAQ IPCX traded up $0.83 during trading hours on Thursday, reaching $10.18. The stock had a trading volume of 11,767 shares, compared to its average volume of 64,995. Inflection Point Acquisition Corp. III has a fifty-two week low of $8.58 and a fifty-two week high of $11.50. The firm has a 50-day moving average of $10.30 and a 200-day moving average of $10.24.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $273,000. AQR Arbitrage LLC acquired a new stake in shares of Inflection Point Acquisition Corp. III during the 3rd quarter valued at about $10,585,000. Schonfeld Strategic Advisors LLC acquired a new position in Inflection Point Acquisition Corp. III in the third quarter worth about $1,611,000. Moore Capital Management LP bought a new position in Inflection Point Acquisition Corp. III during the third quarter worth about $1,510,000. Finally, Millennium Management LLC increased its position in shares of Inflection Point Acquisition Corp. III by 32.5% during the 3rd quarter. Millennium Management LLC now owns 264,877 shares of the company’s stock worth $2,667,000 after purchasing an additional 65,015 shares in the last quarter.

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.