InterPrivate III Financial Partners Inc. (NYSE:IPVF – Get Rating) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 447,300 shares, an increase of 723.8% from the November 30th total of 54,300 shares. Based on an average daily volume of 122,000 shares, the short-interest ratio is presently 3.7 days. Approximately 1.7% of the company's shares are sold short.

Institutional Investors Weigh In On InterPrivate III Financial Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of InterPrivate III Financial Partners during the 2nd quarter valued at about $117,000. Cubist Systematic Strategies LLC bought a new position in InterPrivate III Financial Partners in the second quarter worth approximately $144,000. OLD Mission Capital LLC boosted its holdings in InterPrivate III Financial Partners by 40.4% in the second quarter. OLD Mission Capital LLC now owns 17,813 shares of the company's stock worth $175,000 after acquiring an additional 5,130 shares in the last quarter. Graham Capital Wealth Management LLC bought a new position in InterPrivate III Financial Partners in the second quarter worth approximately $196,000. Finally, Ergoteles LLC bought a new position in InterPrivate III Financial Partners in the third quarter worth approximately $357,000. Institutional investors own 70.93% of the company's stock.

InterPrivate III Financial Partners Stock Performance

Shares of InterPrivate III Financial Partners stock remained flat at $10.12 on Friday. InterPrivate III Financial Partners has a 12-month low of $9.75 and a 12-month high of $10.21. The firm's 50 day moving average is $9.97 and its two-hundred day moving average is $9.88.

About InterPrivate III Financial Partners

InterPrivate III Financial Partners Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. It focuses on the businesses in the financial services industry.

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