Jackson Acquisition Company II (NYSE:JACS) Sees Significant Growth in Short Interest

Jackson Acquisition Company II (NYSE:JACS) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 4,711 shares, an increase of 28.8% from the December 15th total of 3,657 shares. Based on an average daily volume of 88,453 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 88,453 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sculptor Capital LP acquired a new position in shares of Jackson Acquisition Company II in the second quarter valued at about $7,387,000. Radcliffe Capital Management L.P. acquired a new stake in Jackson Acquisition Company II during the second quarter worth approximately $5,532,000. Wolverine Asset Management LLC increased its stake in Jackson Acquisition Company II by 57.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 987,487 shares of the company’s stock worth $10,250,000 after acquiring an additional 361,165 shares during the period. Goldman Sachs Group Inc. bought a new position in Jackson Acquisition Company II during the 1st quarter worth $3,624,000. Finally, Mangrove Partners IM LLC acquired a new position in Jackson Acquisition Company II in the 3rd quarter valued at $2,911,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jackson Acquisition Company II presently has an average rating of “Sell”.

Jackson Acquisition Company II Price Performance

Shares of JACS opened at $10.45 on Tuesday. The company’s 50-day moving average is $10.43 and its 200-day moving average is $10.39. Jackson Acquisition Company II has a fifty-two week low of $9.94 and a fifty-two week high of $10.47.

Jackson Acquisition Company II (NYSE:JACS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $2.48 million for 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.