Short Interest in AleAnna Inc – Warrants (NASDAQ:ANNAW) Grows By 290.8%

AleAnna Inc – Warrants (NASDAQ:ANNAW) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,851 shares, a growth of 290.8% from the April 15th total of 1,497 shares. Based on an average daily trading volume, of 102,422 shares, the days-to-cover ratio is presently 0.1 days.

AleAnna Inc – Warrants Trading Up 5.8%

ANNAW traded up $0.02 on Wednesday, hitting $0.38. 41,445 shares of the company were exchanged, compared to its average volume of 156,433. The business’s fifty day moving average is $0.46 and its 200 day moving average is $0.28. AleAnna Inc – Warrants has a fifty-two week low of $0.12 and a fifty-two week high of $1.28.

AleAnna Inc is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker ANNA, with its warrants trading under ANNAW. The company was formed as a blank check vehicle for the purpose of identifying and acquiring one or more businesses. AleAnna’s corporate structure allows it to operate without engaging in commercial business activities until a target is selected and a definitive acquisition agreement is executed.

In August 2021, AleAnna completed its initial public offering and began trading its units on the Nasdaq.