Jackson Acquisition Company II (NYSE:JACS) Short Interest Down 59.1% in January

Jackson Acquisition Company II (NYSE:JACS) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,927 shares, a decrease of 59.1% from the December 31st total of 4,711 shares. Based on an average daily trading volume, of 30,498 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 30,498 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Jackson Acquisition Company II Trading Down 0.2%

Shares of NYSE:JACS traded down $0.02 during midday trading on Thursday, reaching $10.48. The company had a trading volume of 105,332 shares, compared to its average volume of 34,112. The company has a fifty day simple moving average of $10.44 and a two-hundred day simple moving average of $10.40. Jackson Acquisition Company II has a 1-year low of $9.94 and a 1-year high of $10.58.

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

Analyst Upgrades and Downgrades

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

Jackson Acquisition Company II Company Profile

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.