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

Jackson Acquisition Company II (NYSE:JACS) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 890 shares, a drop of 53.8% from the January 15th total of 1,927 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 51,382 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 51,382 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Jackson Acquisition Company II Stock Up 0.0%

Jackson Acquisition Company II stock traded up $0.01 during mid-day trading on Thursday, hitting $10.50. 4,161 shares of the stock were exchanged, compared to its average volume of 51,381. Jackson Acquisition Company II has a 12 month low of $10.01 and a 12 month high of $10.58. The firm’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $10.41.

Jackson Acquisition Company II (NYSE:JACS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter. The firm had revenue of $2.48 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Trading of Jackson Acquisition Company II

A number of institutional investors have recently bought and sold shares of JACS. Sculptor Capital LP acquired a new stake in Jackson Acquisition Company II during the 2nd quarter worth about $7,387,000. Radcliffe Capital Management L.P. bought a new stake in shares of Jackson Acquisition Company II during the 2nd quarter valued at about $5,532,000. Wolverine Asset Management LLC boosted its holdings in shares of Jackson Acquisition Company II by 57.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 987,487 shares of the company’s stock worth $10,250,000 after buying an additional 361,165 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Jackson Acquisition Company II during the 1st quarter worth approximately $3,624,000. Finally, Mangrove Partners IM LLC bought a new stake in shares of Jackson Acquisition Company II in the 3rd quarter valued at $2,911,000.

About Jackson Acquisition Company II

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.