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

Jackson Acquisition Company II (NYSE:JACS) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,370 shares, a decline of 33.9% from the June 30th total of 2,073 shares. Based on an average trading volume of 23,295 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Jackson Acquisition Company II

A number of institutional investors and hedge funds have recently modified their holdings of JACS. ABC Arbitrage SA acquired a new position in Jackson Acquisition Company II during the fourth quarter worth $156,000. Berkley W R Corp grew its holdings in Jackson Acquisition Company II by 24.3% in the first quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock valued at $4,558,000 after purchasing an additional 84,097 shares during the last quarter. Radcliffe Capital Management L.P. increased its position in shares of Jackson Acquisition Company II by 29.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock valued at $6,903,000 after buying an additional 150,257 shares in the last quarter. Sona Asset Management US LLC acquired a new position in shares of Jackson Acquisition Company II during the 1st quarter worth $2,186,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Jackson Acquisition Company II in the 1st quarter worth about $3,624,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Jackson Acquisition Company II in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jackson Acquisition Company II presently has a consensus rating of “Sell”.

Jackson Acquisition Company II Price Performance

Shares of NYSE JACS traded down $0.01 during trading on Friday, hitting $10.71. 2,327 shares of the company were exchanged, compared to its average volume of 25,667. Jackson Acquisition Company II has a 1 year low of $10.25 and a 1 year high of $10.74. The firm’s fifty day moving average price is $10.66 and its 200 day moving average price is $10.57.

Jackson Acquisition Company II (NYSE:JACS) last announced its quarterly earnings results on Friday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $2.33 million during the quarter.

About Jackson Acquisition Company II

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.