AleAnna Inc – Warrants (NASDAQ:ANNAW) Sees Large Increase in Short Interest

AleAnna Inc – Warrants (NASDAQ:ANNAWGet Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 37,771 shares, a growth of 301.6% from the June 30th total of 9,404 shares. Based on an average daily volume of 37,677 shares, the days-to-cover ratio is currently 1.0 days.

AleAnna Inc – Warrants Price Performance

Shares of ANNAW traded down $0.01 during trading hours on Friday, reaching $0.24. The stock had a trading volume of 57,063 shares, compared to its average volume of 117,318. The firm has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.33. AleAnna Inc – Warrants has a 12 month low of $0.12 and a 12 month 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.

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