Short Interest in Jackson Acquisition Company II (NYSE:JACS) Drops By 23.8%
by Doug Wharley · The Cerbat GemJackson Acquisition Company II (NYSE:JACS – Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,552 shares, a decline of 23.8% from the March 15th total of 2,037 shares. Based on an average daily trading volume, of 11,808 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Analysis on JACS
Institutional Trading of Jackson Acquisition Company II
A number of large investors have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new stake in Jackson Acquisition Company II during the fourth quarter worth approximately $156,000. Readystate Asset Management LP acquired a new position in Jackson Acquisition Company II during the third quarter worth approximately $519,000. Cantor Fitzgerald L. P. purchased a new position in Jackson Acquisition Company II during the third quarter worth approximately $910,000. BCK Capital Management LP boosted its holdings in shares of Jackson Acquisition Company II by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after purchasing an additional 3,311 shares during the last quarter. Finally, Mangrove Partners IM LLC acquired a new position in shares of Jackson Acquisition Company II in the 3rd quarter valued at $2,911,000.
Jackson Acquisition Company II Price Performance
Shares of JACS stock opened at $10.56 on Wednesday. Jackson Acquisition Company II has a 12-month low of $10.07 and a 12-month high of $10.65. The stock has a 50 day simple moving average of $10.52 and a 200-day simple moving average of $10.46.
Jackson Acquisition Company II Company Profile
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.