AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Up 14,441.0% in May

AleAnna Inc – Warrants (NASDAQ:ANNAW) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 29,082 shares, a growth of 14,441.0% from the May 14th total of 200 shares. Based on an average daily volume of 64,088 shares, the short-interest ratio is presently 0.5 days.

AleAnna Inc – Warrants Price Performance

NASDAQ ANNAW traded up $0.00 on Tuesday, hitting $0.27. 41,973 shares of the company traded hands, compared to its average volume of 139,124. The business’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.30. AleAnna Inc – Warrants has a 52-week low of $0.12 and a 52-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.