( ) has seen a significant increase in short-term interest during the month of march. On March 31, there were 27,200 shares of short interest, which is an 18.8% increase from the 22,900 shares on March 15. The days-tocover ratio, based on an average trading volume (21 500 shares), is currently 1.3 days. About 0.2% of a company's shares are shorted.
Hedge Funds weigh in on Jupiter Acquisition
A number of hedge funds and institutional investors have bought and sold the stock recently. Virtu Financial LLC bought a new Jupiter Acquisition position in the fourth quarter valued at approximately $134,000. Two Sigma Investments LP purchased a new position of Jupiter Acquisition shares in the fourth quarter, valued at about $297,000. Schechter Investment Advisors LLC purchased a new stake in Jupiter Acquisition during the fourth quarter. The position was valued at $4,489,000. Commonwealth of Pennsylvania Public Schools Empls Retrmt SYS increased its position in Jupiter Acquisition shares by 30.0% during the 4th Quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owns 65,000 of the company’s stock, valued at $646,000. This is after buying an additional 15,000 in the last quarter. Exos TFP Holdings LLC also acquired shares of Jupiter Acquisition during the fourth quarter, valued at about $383,000. On Thursday, the price remained unchanged at $10.21. Jupiter Acquisition's one-year low is $9.63, and its one-year high is $10.60. The fifty-day moving average is $10.08, and the 200-day moving average is $9.93.
Jupiter Acquisition Corporation has no significant operations. It plans to carry out a merger, stock exchange, asset purchase, stock acquisition, reorganization or other similar business combination. The company was founded in 2020 in Hobe Sound in Florida.
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