What’s Next for Jack in the Box Inc (NASDAQ:JACK) After Having Less Shares Shorted?

Jack in the Box Inc. (NASDAQ:JACK) Logo

Investors sentiment increased to 1.37 in 2019 Q2. Its up 0.07, from 1.3 in 2019Q1. It increased, as 23 investors sold Jack in the Box Inc. shares while 59 reduced holdings. 44 funds opened positions while 68 raised stakes. 25.24 million shares or 7.17% less from 27.18 million shares in 2019Q1 were reported.
California Pub Employees Retirement accumulated 60,923 shares. Jnba Advsr has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). 653,864 are owned by Marshall Wace Llp. The Maryland-based Profund Advisors Ltd Liability Corporation has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Sei Investments has 0% invested in Jack in the Box Inc. (NASDAQ:JACK) for 9,831 shares. New York-based Goldman Sachs Gp Inc has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Falcon Point Limited Company has 3.09% invested in Jack in the Box Inc. (NASDAQ:JACK) for 70,545 shares. Envestnet Asset holds 0% or 2,912 shares. 23,825 were reported by Tyvor Limited Company. Tower Ltd Liability Corporation (Trc) stated it has 0% in Jack in the Box Inc. (NASDAQ:JACK). Ubs Asset Mgmt Americas holds 0% in Jack in the Box Inc. (NASDAQ:JACK) or 25,713 shares. Retirement Of Alabama holds 0.01% or 33,575 shares. 193,123 were reported by Morgan Stanley. Jpmorgan Chase Company accumulated 0% or 169,034 shares. Renaissance Technology Limited Liability Company holds 184,700 shares.

The stock of Jack in the Box Inc (NASDAQ:JACK) registered a decrease of 2.85% in short interest. JACK’s total short interest was 3.74M shares in October as published by FINRA. Its down 2.85% from 3.85 million shares, reported previously. With 573,300 shares average volume, it will take short sellers 7 days to cover their JACK’s short positions. The short interest to Jack in the Box Inc’s float is 14.86%.

The stock increased 0.76% or $0.69 during the last trading session, reaching $91.25. About 397,899 shares traded. Jack in the Box Inc. (NASDAQ:JACK) has declined 12.73% since October 12, 2018 and is downtrending. It has underperformed by 12.73% the S&P500.

Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants. The company has market cap of $2.36 billion. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. It has a 27.25 P/E ratio.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

Among 6 analysts covering Jack In The Box (NASDAQ:JACK), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. Jack In The Box has $10500 highest and $6900 lowest target. $89.33’s average target is -2.10% below currents $91.25 stock price. Jack In The Box had 10 analyst reports since April 17, 2019 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, May 21 report. As per Monday, May 20, the company rating was upgraded by Stifel Nicolaus. On Friday, August 9 the stock rating was maintained by Credit Suisse with “Underperform”. Wells Fargo maintained Jack in the Box Inc. (NASDAQ:JACK) on Monday, September 30 with “Outperform” rating. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Outperform” rating by Wedbush on Friday, August 9. The rating was maintained by Wedbush with “Neutral” on Friday, August 2.

More notable recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Nasdaq.com which released: “3 Tech Stocks for Growth Investors to Buy With U.S. Stocks Near Highs – Nasdaq” on September 23, 2019, also Benzinga.com with their article: “Stocks That Hit 52-Week Highs On Monday – Benzinga” published on September 30, 2019, Globenewswire.com published: “Nasdaq Welcomes Oportun Financial Corporation (Nasdaq: OPRT) to the Nasdaq Stock Market – GlobeNewswire” on September 26, 2019. More interesting news about Jack in the Box Inc. (NASDAQ:JACK) were released by: Finance.Yahoo.com and their article: “Hedge Funds Have Never Been This Bullish On Jack in the Box Inc. (JACK) – Yahoo Finance” published on June 07, 2019 as well as Smh.com.Au‘s news article titled: “Cowin says cow out as Hungry Jack’s offers meat-free option – Sydney Morning Herald” with publication date: October 01, 2019.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Chart

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