Jupiter Acquisition Co. (NASDAQ:JAQC – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 1,000 shares, an increase of 25.0% from the June 15th total of 800 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.
Jupiter Acquisition Stock Performance
Shares of Jupiter Acquisition stock opened at $10.22 on Tuesday. Jupiter Acquisition has a 52-week low of $9.65 and a 52-week high of $10.60. The stock has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $10.12.
Institutional Investors Weigh In On Jupiter Acquisition
Several institutional investors have recently made changes to their positions in JAQC. Schechter Investment Advisors LLC acquired a new stake in shares of Jupiter Acquisition during the 4th quarter valued at about $4,489,000. Bank of America Corp DE lifted its holdings in Jupiter Acquisition by 75.0% in the 1st quarter. Bank of America Corp DE now owns 769,971 shares of the company’s stock worth $7,415,000 after purchasing an additional 330,000 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in Jupiter Acquisition in the 3rd quarter worth approximately $1,645,000. Periscope Capital Inc. acquired a new stake in Jupiter Acquisition in the 1st quarter worth approximately $1,276,000. Finally, Wealthspring Capital LLC acquired a new stake in Jupiter Acquisition in the 4th quarter worth approximately $1,122,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.
Jupiter Acquisition Company Profile
Jupiter Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Jupiter Acquisition Corporation was incorporated in 2020 and is based in Hobe Sound, Florida.
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