Jackson Acquisition Company II (NYSE:JACS) Short Interest Update

by · The Cerbat Gem

Jackson Acquisition Company II (NYSE:JACS – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 4,711 shares, a growth of 28.8% from the December 15th total of 3,657 shares. Based on an average trading volume of 88,453 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 88,453 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its holdings in shares of Jackson Acquisition Company II by 57.7% during the third quarter. Wolverine Asset Management LLC now owns 987,487 shares of the company’s stock worth $10,250,000 after purchasing an additional 361,165 shares during the period. Berkley W R Corp raised its position in Jackson Acquisition Company II by 40.3% during the 2nd quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock worth $3,567,000 after buying an additional 99,390 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Jackson Acquisition Company II during the 2nd quarter worth $1,030,000. BCK Capital Management LP acquired a new stake in shares of Jackson Acquisition Company II in the 2nd quarter worth $1,030,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in shares of Jackson Acquisition Company II in the third quarter valued at about $910,000.

Jackson Acquisition Company II Stock Down 0.2%

NYSE:JACS traded down $0.02 during trading hours on Monday, reaching $10.45. 780 shares of the company’s stock were exchanged, compared to its average volume of 24,526. Jackson Acquisition Company II has a 1-year low of $9.94 and a 1-year high of $10.47. The company has a 50-day moving average of $10.43 and a 200 day moving average of $10.39.

Jackson Acquisition Company II (NYSE:JACS – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.08 EPS for the quarter. The business had revenue of $2.48 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Analysis on Jackson Acquisition Company II

About Jackson Acquisition Company II

(Get Free Report)

Jackson Acquisition Company II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker JACS. As a blank‐check vehicle, it has no commercial operations of its own but is sponsored by Jackson Square Partners, an investment firm with experience in middle‐market private equity and venture capital. The company’s primary objective is to identify, acquire, or merge with one or more businesses that operate in target industries and deliver long‐term value to its shareholders.

The SPAC completed its initial public offering in late 2021, raising capital through a trust account to fund its acquisition strategy.

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