Inflection Point Acquisition Corp. III (NASDAQ:IPCXR – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 118,273 shares, an increase of 905.2% from the May 31st total of 11,766 shares. Based on an average trading volume of 211,344 shares, the days-to-cover ratio is presently 0.6 days.
Inflection Point Acquisition Corp. III Stock Up 0.0%
Shares of IPCXR opened at $0.43 on Friday. The company has a 50-day moving average price of $0.39. Inflection Point Acquisition Corp. III has a one year low of $0.28 and a one year high of $0.52.
About Inflection Point Acquisition Corp. III
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.
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