Short Interest in Jackson Acquisition Company II (NYSE:JACS) Rises By 21.0%

Jackson Acquisition Company II (NYSE:JACS) saw 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 19,686 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BCK Capital Management LP raised its position in shares of Jackson Acquisition Company II by 3.3% in the 3rd quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after acquiring an additional 3,311 shares during the period. ABC Arbitrage SA bought a new stake in shares of Jackson Acquisition Company II in the 4th quarter valued at about $156,000. Readystate Asset Management LP acquired a new position in shares of Jackson Acquisition Company II in the third quarter valued at about $519,000. Cantor Fitzgerald L. P. acquired a new stake in Jackson Acquisition Company II in the 3rd quarter worth about $910,000. Finally, Berkley W R Corp increased its holdings in shares of Jackson Acquisition Company II by 40.3% during the second quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock worth $3,567,000 after purchasing an additional 99,390 shares during the period.

Jackson Acquisition Company II Price Performance

Shares of Jackson Acquisition Company II stock opened at $10.55 on Wednesday. The company’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.45. Jackson Acquisition Company II has a 52-week low of $10.05 and a 52-week high of $10.59.

Analysts Set New Price Targets

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

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.