Short Interest in Armada Acquisition Corp. I (NASDAQ:AACIW) Increases By 3,318.9%

Armada Acquisition Corp. I (NASDAQ:AACIW – Get Free Report) was the recipient of a large growth in short interest in 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 NASDAQ AACIW remained flat at $0.33 during mid-day trading on Tuesday. 16,831 shares of the stock traded hands, compared to its average volume of 21,363. Armada Acquisition Corp. I has a 52-week low of $0.18 and a 52-week high of $0.33. The business has a 50-day moving average of $0.26 and a 200-day moving average of $0.79.

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About Armada Acquisition Corp. I

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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.

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