Armada Acquisition Corp. I (NASDAQ:AACIW) Short Interest Update

Armada Acquisition Corp. I (NASDAQ:AACIW) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,123 shares, a drop of 71.2% from the July 15th total of 28,202 shares. Based on an average trading volume of 16,153 shares, the days-to-cover ratio is presently 0.5 days.

Armada Acquisition Corp. I Price Performance

AACIW opened at $0.30 on Thursday. The firm has a 50 day moving average price of $0.33 and a 200-day moving average price of $0.55. Armada Acquisition Corp. I has a twelve month low of $0.18 and a twelve month high of $0.40.

Armada Acquisition Corp. I Company Profile

Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.