Short Interest in JATT Acquisition Corp (NYSE:JATT) Increases By 120.0%

JATT Acquisition Corp (NYSE:JATTGet Rating) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,100 shares, a growth of 120.0% from the May 31st total of 500 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Shares of JATT opened at $9.95 on Friday. The company’s fifty day moving average price is $9.93 and its 200 day moving average price is $9.89. JATT Acquisition has a one year low of $9.70 and a one year high of $10.05.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of JATT Acquisition during the 1st quarter worth about $3,848,000. Glazer Capital LLC increased its holdings in shares of JATT Acquisition by 55.6% during the 1st quarter. Glazer Capital LLC now owns 82,925 shares of the company’s stock worth $822,000 after purchasing an additional 29,623 shares during the period. Sculptor Capital LP acquired a new stake in shares of JATT Acquisition during the 1st quarter valued at about $539,000. Cohanzick Management LLC acquired a new stake in shares of JATT Acquisition during the 1st quarter valued at about $496,000. Finally, Royal Bank of Canada acquired a new stake in shares of JATT Acquisition during the 1st quarter valued at about $138,000. Institutional investors own 35.35% of the company’s stock.

About JATT Acquisition (Get Rating)

JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.

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