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

AleAnna Inc – Warrants (NASDAQ:ANNAW – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 66,098 shares, an increase of 75.0% from the July 15th total of 37,771 shares. Based on an average daily trading volume, of 89,798 shares, the days-to-cover ratio is presently 0.7 days.

AleAnna Inc – Warrants Trading Down 11.7%

Shares of NASDAQ:ANNAW opened at $0.21 on Tuesday. AleAnna Inc – Warrants has a one year low of $0.12 and a one year high of $1.28. The business’s 50-day simple moving average is $0.26 and its 200 day simple moving average is $0.34.

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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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