Jack Creek Investment Corp. (NASDAQ:JCIC – Get Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 26,600 shares, an increase of 59.3% from the March 15th total of 16,700 shares. Based on an average daily volume of 51,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.
Shares of JCIC stock remained flat at $$9.83 during trading hours on Friday. 3,560 shares of the stock traded hands, compared to its average volume of 58,976. The firm has a 50 day moving average price of $9.78 and a 200 day moving average price of $9.77. Jack Creek Investment has a 12-month low of $9.60 and a 12-month high of $9.90.
Several hedge funds have recently added to or reduced their stakes in the company. Sculptor Capital LP grew its position in shares of Jack Creek Investment by 223.9% in the 3rd quarter. Sculptor Capital LP now owns 971,662 shares of the company’s stock valued at $9,474,000 after buying an additional 671,662 shares during the last quarter. Marshall Wace LLP raised its holdings in Jack Creek Investment by 109.5% during the 4th quarter. Marshall Wace LLP now owns 1,186,737 shares of the company’s stock worth $11,583,000 after purchasing an additional 620,281 shares during the last quarter. Citadel Advisors LLC raised its holdings in Jack Creek Investment by 70.0% during the 3rd quarter. Citadel Advisors LLC now owns 1,119,307 shares of the company’s stock worth $10,914,000 after purchasing an additional 461,043 shares during the last quarter. Weiss Asset Management LP bought a new position in Jack Creek Investment during the 3rd quarter worth approximately $3,243,000. Finally, Bulldog Investors LLP bought a new position in Jack Creek Investment during the 4th quarter worth approximately $3,188,000. 54.58% of the stock is owned by hedge funds and other institutional investors.
Jack Creek Investment Corp. is a blank check company. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
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