Jackson Acquisition Company II (NYSE:JACS) Sees Large Growth in Short Interest

Jackson Acquisition Company II (NYSE:JACS) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,683 shares, an increase of 103.3% from the February 12th total of 828 shares. Based on an average daily trading volume, of 269,046 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 269,046 shares, the short-interest ratio is currently 0.0 days.

Jackson Acquisition Company II Stock Performance

NYSE:JACS traded down $0.01 during trading hours on Friday, hitting $10.51. The company had a trading volume of 110,689 shares, compared to its average volume of 127,900. The stock has a 50-day moving average price of $10.49 and a 200 day moving average price of $10.43. Jackson Acquisition Company II has a 52 week low of $10.04 and a 52 week high of $10.58.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Jackson Acquisition Company II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA purchased a new position in shares of Jackson Acquisition Company II in the 4th quarter worth about $156,000. Readystate Asset Management LP bought a new position in Jackson Acquisition Company II during the 3rd quarter valued at about $519,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Jackson Acquisition Company II during the 3rd quarter valued at about $910,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Jackson Acquisition Company II during the 2nd quarter valued at about $1,030,000. Finally, BCK Capital Management LP grew its stake in shares of Jackson Acquisition Company II by 3.3% in the third quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock worth $1,072,000 after acquiring an additional 3,311 shares during the period.

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.