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

Jackson Acquisition Company II (NYSE:JACS) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,370 shares, a drop of 33.9% from the June 30th total of 2,073 shares. Based on an average daily volume of 23,295 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Jackson Acquisition Company II Trading Down 0.0%

JACS opened at $10.71 on Friday. The firm’s fifty day moving average price is $10.66 and its two-hundred day moving average price is $10.57. Jackson Acquisition Company II has a fifty-two week low of $10.25 and a fifty-two week high of $10.74.

Jackson Acquisition Company II (NYSE:JACS) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $2.33 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA bought a new position in Jackson Acquisition Company II during the fourth quarter worth about $156,000. Berkley W R Corp grew its stake in shares of Jackson Acquisition Company II by 24.3% in the 1st quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock valued at $4,558,000 after purchasing an additional 84,097 shares during the period. Radcliffe Capital Management L.P. raised its holdings in shares of Jackson Acquisition Company II by 29.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock worth $6,903,000 after buying an additional 150,257 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of Jackson Acquisition Company II in the 1st quarter worth approximately $2,186,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Jackson Acquisition Company II during the 1st quarter worth approximately $3,624,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jackson Acquisition Company II in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.