AleAnna Inc – Warrants (NASDAQ:ANNAW) Sees Significant Growth in Short Interest

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 108,497 shares, an increase of 64.1% from the July 30th total of 66,098 shares. Based on an average trading volume of 33,807 shares, the days-to-cover ratio is currently 3.2 days.

AleAnna Inc – Warrants Trading Down 1.1%

Shares of ANNAW opened at $0.16 on Wednesday. AleAnna Inc – Warrants has a 12 month low of $0.12 and a 12 month high of $1.28. The stock has a fifty day moving average price of $0.23 and a 200-day moving average price of $0.33.

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.