JATT III Acquisition Corp (NASDAQ:JTTT) Stock Short Interest Jumps 850.0%

JATT III Acquisition Corp (NASDAQ:JTTT) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 19 shares, a growth of 850.0% from the October 15th total of 2 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,235 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of JATT III Acquisition to a “hold” rating in a research note on Saturday, September 5th.

JATT III Acquisition Price Performance

JTTT opened at $10.29 on Friday. JATT III Acquisition has a twelve month low of $10.15 and a twelve month high of $11.95. The stock’s 50-day moving average is $10.65.

About JATT III Acquisition

JATT III Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Unlike an operating company, JATT III Acquisition Corp. does not manufacture products or provide ongoing commercial services. Its activities are focused on raising capital, evaluating potential acquisition targets, and completing a transaction intended to create a publicly traded operating company.