Jackson Acquisition Company II (NYSE:JACS) Short Interest Up 21.0% in March

Jackson Acquisition Company II (NYSE:JACS) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,037 shares, a growth of 21.0% from the February 26th total of 1,683 shares. Based on an average daily trading volume, of 19,686 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jackson Acquisition Company II in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Jackson Acquisition Company II presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JACS. ABC Arbitrage SA acquired a new position in shares of Jackson Acquisition Company II during the fourth quarter valued at $156,000. Readystate Asset Management LP acquired a new stake in Jackson Acquisition Company II in the third quarter worth about $519,000. Cantor Fitzgerald L. P. bought a new position in Jackson Acquisition Company II in the 3rd quarter valued at about $910,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Jackson Acquisition Company II during the 2nd quarter valued at about $1,030,000. Finally, BCK Capital Management LP increased its stake in Jackson Acquisition Company II by 3.3% during the 3rd quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after buying an additional 3,311 shares during the period.

Jackson Acquisition Company II Price Performance

Shares of JACS stock opened at $10.55 on Thursday. Jackson Acquisition Company II has a 12-month low of $10.05 and a 12-month high of $10.59. The business has a 50 day simple moving average of $10.51 and a 200 day simple moving average of $10.45.

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.