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

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

Armada Acquisition Corp. I Stock Performance

Armada Acquisition Corp. I stock opened at $0.33 on Thursday. Armada Acquisition Corp. I has a 12-month low of $0.18 and a 12-month high of $0.33. The business’s 50-day moving average price is $0.26 and its two-hundred day moving average price is $0.79.

About Armada Acquisition Corp. I

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.