JATT Acquisition Corp (NYSE:JATT) Sees Significant Decrease in Short Interest

JATT Acquisition Corp (NYSE:JATTGet Rating) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 500 shares, a decrease of 50.0% from the April 30th total of 1,000 shares. Based on an average daily trading volume, of 16,100 shares, the short-interest ratio is currently 0.0 days.

NYSE:JATT opened at $9.91 on Friday. The firm has a 50-day moving average of $9.92 and a two-hundred day moving average of $9.88. JATT Acquisition has a 1-year low of $9.70 and a 1-year high of $10.05.

A number of large investors have recently bought and sold shares of JATT. Warberg Asset Management LLC purchased a new position in JATT Acquisition in the 3rd quarter valued at about $99,000. Royal Bank of Canada purchased a new position in JATT Acquisition in the 1st quarter valued at about $138,000. Cohanzick Management LLC purchased a new position in JATT Acquisition in the 1st quarter valued at about $496,000. Sculptor Capital LP purchased a new position in JATT Acquisition in the 1st quarter valued at about $539,000. Finally, Glazer Capital LLC lifted its position in shares of JATT Acquisition by 55.6% during the first quarter. Glazer Capital LLC now owns 82,925 shares of the company’s stock worth $822,000 after purchasing an additional 29,623 shares during the last quarter. 35.35% of the stock is owned by institutional investors.

JATT Acquisition Company Profile (Get Rating)

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.

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