Armada Acquisition Corp. II (NASDAQ:XRPN) Stock Short Interest Report for October

Armada Acquisition Corp. II (NASDAQ:XRPN) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,926,428 shares, a growth of 462.3% from the September 30th total of 342,627 shares. Based on an average trading volume of 2,847,037 shares, the short-interest ratio is currently 0.7 days. Currently, 6.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Acquisition Corp. II in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Armada Acquisition Corp. II currently has an average rating of “Sell”.

Armada Acquisition Corp. II Trading Down 0.4%

NASDAQ XRPN opened at $15.00 on Tuesday. The firm’s 50 day moving average price is $13.99 and its 200-day moving average price is $11.34. Armada Acquisition Corp. II has a 52-week low of $10.10 and a 52-week high of $53.00.

Armada Acquisition Corp. II (NASDAQ:XRPN) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.05 EPS for the quarter.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and combine with one or more businesses through a merger, share exchange, asset acquisition, or similar transaction. Unlike an operating company, it does not manufacture products or provide commercial services of its own.

The company’s activities are focused primarily on evaluating potential acquisition targets, negotiating a business combination, and completing related financing and regulatory requirements.