Inflection Point Acquisition Corp. III (NASDAQ:IPCXR) Short Interest Down 89.6% in June

Inflection Point Acquisition Corp. III (NASDAQ:IPCXR) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 12,347 shares, a drop of 89.6% from the June 15th total of 118,273 shares. Based on an average daily trading volume, of 9,058 shares, the short-interest ratio is presently 1.4 days.

Inflection Point Acquisition Corp. III Price Performance

Shares of NASDAQ:IPCXR traded up $0.01 during trading hours on Friday, hitting $0.46. 2,693 shares of the company’s stock traded hands, compared to its average volume of 69,652. Inflection Point Acquisition Corp. III has a 1 year low of $0.28 and a 1 year high of $0.52. The firm has a fifty day simple moving average of $0.40.

Inflection Point Acquisition Corp. III Company Profile

Inflection Point Acquisition Corp. III (NASDAQ: IPCXR) is a special purpose acquisition company (SPAC) that was formed to raise capital through a public offering and to identify, acquire, or merge with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is sourcing and executing a business combination that will take a private operating company public by combining it with the SPAC’s publicly listed shell. The company is listed on the Nasdaq under the ticker IPCXR.

Rather than operating an ongoing commercial business, Inflection Point Acquisition Corp.