JATT Acquisition Corp (NYSE:JATT – Get Rating) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,000 shares, a decline of 63.0% from the April 15th total of 2,700 shares. Based on an average trading volume of 17,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in JATT Acquisition during the 1st quarter worth approximately $3,848,000. Marshall Wace LLP acquired a new stake in JATT Acquisition during the 4th quarter worth approximately $2,780,000. Berkley W R Corp acquired a new stake in JATT Acquisition during the 3rd quarter worth approximately $1,183,000. D. E. Shaw & Co. Inc. acquired a new stake in JATT Acquisition during the 4th quarter worth approximately $874,000. Finally, Cohanzick Management LLC acquired a new stake in JATT Acquisition during the 1st quarter worth approximately $496,000. 35.35% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE JATT remained flat at $$9.92 during midday trading on Friday. JATT Acquisition has a 52 week low of $9.70 and a 52 week high of $10.05. The firm’s 50-day moving average is $9.92 and its two-hundred day moving average is $9.88.
JATT Acquisition Corp does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on businesses primarily operating in the life sciences sector.
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