Inflection Point Acquisition Corp. III (NASDAQ:IPCXU) Sees Large Decline in Short Interest

Inflection Point Acquisition Corp. III (NASDAQ:IPCXU) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,721 shares, a decline of 36.3% from the December 31st total of 2,701 shares. Based on an average daily trading volume, of 135 shares, the days-to-cover ratio is presently 12.7 days. Based on an average daily trading volume, of 135 shares, the days-to-cover ratio is presently 12.7 days.

Inflection Point Acquisition Corp. III Stock Performance

Inflection Point Acquisition Corp. III stock traded down $0.08 during midday trading on Friday, reaching $10.62. 800 shares of the stock traded hands, compared to its average volume of 600. Inflection Point Acquisition Corp. III has a 12-month low of $10.07 and a 12-month high of $11.44. The company has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.54.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. AQR Arbitrage LLC acquired a new position in shares of Inflection Point Acquisition Corp. III during the 2nd quarter worth $14,714,000. MMCAP International Inc. SPC purchased a new stake in Inflection Point Acquisition Corp. III during the second quarter worth approximately $14,707,000. Wealthspring Capital LLC acquired a new stake in Inflection Point Acquisition Corp. III in the second quarter valued at approximately $5,637,000. Mint Tower Capital Management B.V. purchased a new position in Inflection Point Acquisition Corp. III in the second quarter valued at about $4,727,000. Finally, Whitebox Advisors LLC bought a new position in shares of Inflection Point Acquisition Corp. III during the second quarter worth about $3,152,000.

About Inflection Point Acquisition Corp. III

Inflection Point Acquisition Corp. III is a Delaware-incorporated special purpose acquisition company (SPAC) that was formed in 2021 and is listed on the Nasdaq under the symbol IPCXU. As a blank-check vehicle, the company has no operating business of its own and was established to identify and complete a merger, capital stock exchange, asset acquisition or other business combination with one or more businesses.

The SPAC is sponsored by Inflection Point Capital Management LLC and focuses on sectors where the management team believes there is significant growth potential, including technology, consumer, healthcare and industrial markets.