Short Interest in Jupiter Acquisition Co. (NASDAQ:JAQC) Declines By 48.1%

Jupiter Acquisition Co. (NASDAQ:JAQCGet Rating) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 2,700 shares, a decrease of 48.1% from the April 30th total of 5,200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 0.2 days.

Shares of JAQC traded up $0.01 during midday trading on Friday, hitting $9.66. 23,868 shares of the company traded hands, compared to its average volume of 23,474. The firm has a 50 day moving average of $9.66 and a 200-day moving average of $9.64. Jupiter Acquisition has a 52 week low of $9.57 and a 52 week high of $9.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAQC. Corbyn Investment Management Inc. MD bought a new position in shares of Jupiter Acquisition during the 4th quarter valued at about $109,000. OLD Mission Capital LLC bought a new position in shares of Jupiter Acquisition during the 4th quarter valued at about $113,000. Clear Street LLC raised its position in shares of Jupiter Acquisition by 912.8% during the 1st quarter. Clear Street LLC now owns 15,000 shares of the company’s stock valued at $144,000 after buying an additional 13,519 shares in the last quarter. Glazer Capital LLC purchased a new stake in shares of Jupiter Acquisition during the 4th quarter valued at about $219,000. Finally, Privium Fund Management B.V. purchased a new stake in shares of Jupiter Acquisition during the 1st quarter valued at about $241,000. 59.29% of the stock is owned by institutional investors and hedge funds.

About Jupiter Acquisition (Get Rating)

Jupiter Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Hobe Sound, Florida.

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