Inflection Point Acquisition Corp. (NASDAQ:IPAXW – Get Rating) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,100 shares, a growth of 6.9% from the October 15th total of 2,900 shares. Based on an average daily volume of 81,100 shares, the days-to-cover ratio is currently 0.0 days.

Inflection Point Acquisition Stock Up 22.5 %

IPAXW opened at $0.25 on Wednesday. The company has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.24. Inflection Point Acquisition has a 52 week low of $0.08 and a 52 week high of $0.79.

Institutional Investors Weigh In On Inflection Point Acquisition

Institutional investors have recently made changes to their positions in the stock. P Schoenfeld Asset Management LP acquired a new position in Inflection Point Acquisition in the first quarter valued at about $670,000. Calamos Advisors LLC acquired a new position in shares of Inflection Point Acquisition in the 3rd quarter valued at approximately $100,000. Taconic Capital Advisors LP acquired a new position in shares of Inflection Point Acquisition in the 3rd quarter valued at approximately $75,000. Citadel Advisors LLC increased its stake in Inflection Point Acquisition by 5.7% during the 3rd quarter. Citadel Advisors LLC now owns 1,137,583 shares of the company's stock worth $228,000 after purchasing an additional 61,528 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Inflection Point Acquisition during the 1st quarter worth approximately $26,000.

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