JAB Acquisition Corp I (NASDAQ:JABRU – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 21,856 shares, an increase of 100.7% from the June 30th total of 10,888 shares. Based on an average daily trading volume, of 28,590 shares, the days-to-cover ratio is currently 0.8 days.
JAB Acquisition Corp I Trading Down 0.1%
JABRU stock opened at $10.08 on Wednesday. JAB Acquisition Corp I has a 52 week low of $9.99 and a 52 week high of $10.09.
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.
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