JAB Acquisition Corp I (NASDAQ:JABRU) Short Interest Down 40.8% in August

JAB Acquisition Corp I (NASDAQ:JABRU) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 1,049 shares, a drop of 40.8% from the July 30th total of 1,773 shares. Based on an average daily trading volume, of 26,212 shares, the days-to-cover ratio is currently 0.0 days.

JAB Acquisition Corp I Price Performance

Shares of JABRU stock traded up $0.01 on Monday, reaching $10.11. The stock had a trading volume of 16 shares, compared to its average volume of 87,228. JAB Acquisition Corp I has a 1 year low of $9.99 and a 1 year high of $10.12. The stock’s 50 day simple moving average is $10.07.

Hedge Funds Weigh In On JAB Acquisition Corp I

A hedge fund recently bought a new position in JAB Acquisition Corp I stock. Harraden Circle Investments LLC bought a new stake in shares of JAB Acquisition Corp I (NASDAQ:JABRU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 900,000 shares of the company’s stock, valued at approximately $9,027,000.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of JAB Acquisition Corp I to a “hold” rating in a report on Saturday, August 1st.

About JAB Acquisition Corp I

JAB Acquisition Corp I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with one or more businesses. As a blank check company, it does not operate a traditional commercial business of its own but is instead structured to raise capital and identify an acquisition target.

The company was organized to seek opportunities in industries and geographies that align with its management team’s experience and investment strategy.