Inflection Point Acquisition Corp. (NASDAQ:IPAXW – Get Rating) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,900 shares, a growth of 866.7% from the September 30th total of 300 shares. Based on an average daily trading volume, of 74,800 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in IPAXW. P Schoenfeld Asset Management LP purchased a new stake in Inflection Point Acquisition during the 1st quarter worth about $670,000. Calamos Advisors LLC purchased a new stake in Inflection Point Acquisition during the 3rd quarter worth about $100,000. Finally, JPMorgan Chase & Co. purchased a new stake in Inflection Point Acquisition during the 1st quarter worth about $26,000.
Get Inflection Point Acquisition alerts:Inflection Point Acquisition Price Performance
NASDAQ:IPAXW opened at $0.24 on Friday. Inflection Point Acquisition has a 52-week low of $0.08 and a 52-week high of $0.79. The stock's fifty day moving average price is $0.23.
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