Jackson Acquisition Company II (NYSE:JACS) Sees Large Growth in Short Interest

Key Points

• Short interest rose 21.0% to 2,037 shares as of March 13, yielding a short-interest ratio of 0.1 days and representing 0.0% of the stock as short sold.
• JACS was flat at $10.55 with just 120 shares traded versus an average volume of 73,902, and a one-year range of $10.05–$10.59 with 50- and 200-day moving averages near $10.51 and $10.45.
• Analyst sentiment is negative (Weiss Ratings reiterated a Sell (d-) and MarketBeat shows an average Sell rating), even as several institutional investors added new positions (largest reported buys around $910K–$1.03M).

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

Jackson Acquisition Company II Price Performance

JACS remained flat at $10.55 on Tuesday. 120 shares of the company traded hands, compared to its average volume of 73,902. Jackson Acquisition Company II has a 1-year low of $10.05 and a 1-year high of $10.59. The company has a 50 day moving average of $10.51 and a 200-day moving average of $10.45.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Jackson Acquisition Company II in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Jackson Acquisition Company II currently has an average rating of "Sell".

Institutional Trading of Jackson Acquisition Company II

Several large investors have recently made changes to their positions in the company. ABC Arbitrage SA bought a new position in Jackson Acquisition Company II in the fourth quarter valued at approximately $156,000. Readystate Asset Management LP acquired a new stake in shares of Jackson Acquisition Company II in the 3rd quarter valued at $519,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Jackson Acquisition Company II in the 3rd quarter valued at $910,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Jackson Acquisition Company II in the 2nd quarter valued at $1,030,000. Finally, BCK Capital Management LP raised its holdings in shares of 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 worth $1,072,000 after buying an additional 3,311 shares in the last quarter.

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.

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