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

Jackson Acquisition Company II (NYSE:JACS) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,711 shares, an increase of 28.8% from the December 15th total of 3,657 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 88,453 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 88,453 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in Jackson Acquisition Company II during the third quarter valued at approximately $519,000. Cantor Fitzgerald L. P. bought a new position in Jackson Acquisition Company II during the third quarter worth about $910,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Jackson Acquisition Company II in the second quarter worth about $1,030,000. BCK Capital Management LP acquired a new stake in shares of Jackson Acquisition Company II during the second quarter worth about $1,030,000. Finally, Mangrove Partners IM LLC bought a new position in shares of Jackson Acquisition Company II during the 3rd quarter valued at about $2,911,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Jackson Acquisition Company II currently has a consensus rating of “Sell”.

Jackson Acquisition Company II Stock Performance

Shares of JACS stock traded down $0.02 during trading hours on Friday, reaching $10.45. The company had a trading volume of 780 shares, compared to its average volume of 24,540. 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) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.08 EPS for the quarter. The company had revenue of $2.48 million for the quarter.

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.