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

JATT III Acquisition Corp (NASDAQ:JTTT) was the recipient of a large increase in short interest in 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 trading volume of 9,992 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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 Price Performance

JTTT remained flat at $10.61 on Friday. The company had a trading volume of 2,756 shares, compared to its average volume of 23,829. JATT III Acquisition has a 1 year low of $10.56 and a 1 year high of $11.95.

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.