There was a sizeable increase in the number of short positions taken in shares of InterPrivate III Financial Partners Inc. (NYSE: IPVF) during December. There were 54,300 shares available for short sale during the previous month, but as of the 15th of December, there were 447,300 shares available for a short sale. This represents a 723.8% increase from the shares that were available for short sale during the previous month. The current short-interest ratio is 3.7 days, with an average daily volume of 122,000 shares. This is based on the fact that the market trades these shares. Short sales currently account for 1.7% of the company’s total share capital.
Several institutional investors have, in recent times, shifted the percentage of IPVF shares that are held in their respective portfolios to reflect the new allocations that they have made. During the second quarter, Virtu Financial LLC made a new holding investment in InterPrivate III Financial Partners for 117 thousand dollars. Cubist Systematic Strategies LLC made a new investment in InterPrivate III Financial Partners during the second quarter of the fiscal year. The total value of this investment was $144,000. Old Mission Capital LLC acquired an additional 40.4% of its ownership stake in InterPrivate III Financial Partners during the second quarter. Old Mission Capital LLC has a total of 17,813 shares of the company’s stock, which are currently valued at $175,000 following the acquisition of an additional 5,130 shares during the most recent period. This brings the total number of shares owned by the company to 17,813. A fresh investment of $196,000 was made in InterPrivate III Financial Partners by Graham Capital Wealth Management LLC. The transaction in question took place during the second quarter of the year. Ergoteles LLC increased its holdings in InterPrivate III Financial Partners during the third quarter by purchasing an additional 357,000 shares, bringing the total number of shares purchased during the quarter to 357,000. At the moment, institutions own a total of 70.93% of the equity in the company.
The share price of IPVF fell by $0.09 during trading on Wednesday, bringing the company’s total valuation to $10.10 per share. Only 204 of the company’s shares were traded, significantly lower than the average trading volume of 131,318 daily. The company’s moving average price over the previous 50 days is $9.97, and the moving average price over the previous 200 days is $9.88. InPrivate III Financial Partners hit an all-time low of $9.75 during the past year, while the company reached an all-time high of $10.21 during the same period.
Because InterPrivate III Financial Partners Inc. does not employ many people, the business is considered to be on the smaller side. This business intends to consolidate its operations with one or more other businesses, either through a merger, an exchange of capital stock, purchasing assets or stock, reorganization, or some other commercial arrangement that is functionally equivalent. The companies that are active in the financial services sector will take up the bulk of the discussion in this article.