JATT III Acquisition Corp (NASDAQ:JTTT) Shares Shorted: Short Interest Up 15,100.0% in September

JATT III Acquisition Corp (NASDAQ:JTTT) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,216 shares, an increase of 15,100.0% from the September 15th total of 8 shares. Based on an average daily volume of 9,992 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

JATT III Acquisition Stock Performance

NASDAQ:JTTT opened at $10.61 on Friday. JATT III Acquisition has a 1-year low of $10.56 and a 1-year high of $11.95.

Analysts Set New Price Targets

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 Company Profile

JATT III Acquisition Corp. (NASDAQ: JTTT) is a special purpose acquisition company, or SPAC. The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating companies.

As a blank-check company, JATT III Acquisition does not have an established portfolio of products or services and does not conduct traditional operating activities. Its primary objective is to identify a suitable target and complete a business combination, after which the combined company would generally operate under the target’s business model.

The company is organized as an exempted company in the Cayman Islands.