Armada Acquisition Corp. I (NASDAQ:AACIW) Sees Significant Increase in Short Interest

Armada Acquisition Corp. I (NASDAQ:AACIW) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,258 shares, a growth of 3,318.9% from the May 14th total of 1,236 shares. Based on an average daily trading volume, of 14,023 shares, the days-to-cover ratio is presently 3.0 days.

Armada Acquisition Corp. I Stock Performance

Shares of AACIW opened at $0.33 on Wednesday. Armada Acquisition Corp. I has a 12 month low of $0.18 and a 12 month high of $0.33. The firm has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.79.

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.