Short Interest in Armada Acquisition Corp. I (NASDAQ:AACIW) Drops By 34.9%

Armada Acquisition Corp. I (NASDAQ:AACIW) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 27,519 shares, a decline of 34.9% from the May 31st total of 42,258 shares. Based on an average daily trading volume, of 23,334 shares, the days-to-cover ratio is presently 1.2 days.

Armada Acquisition Corp. I Price Performance

Shares of AACIW opened at $0.38 on Thursday. Armada Acquisition Corp. I has a twelve month low of $0.18 and a twelve month high of $0.38. The company’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.71.

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.