Armada Acquisition Corp. II (NASDAQ:AACI) Shares Shorted: Short Interest Up 509.0% in September

Armada Acquisition Corp. II (NASDAQ:AACI) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,844 shares, a growth of 509.0% from the September 15th total of 467 shares. Based on an average trading volume of 43,341 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Armada Acquisition Corp. II in a report on Thursday, August 13th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Armada Acquisition Corp. II currently has an average rating of “Sell”.

Armada Acquisition Corp. II Stock Performance

Shares of Armada Acquisition Corp. II stock opened at $10.07 on Friday. Armada Acquisition Corp. II has a 52-week low of $9.74 and a 52-week high of $10.10. The stock’s 50-day simple moving average is $10.04 and its 200 day simple moving average is $9.99.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. II (NASDAQ: AACI) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with an operating business, such as a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Armada Acquisition Corp. II did not develop, manufacture or sell products and services before completing a transaction. Its activities primarily involved raising capital through a public offering, evaluating potential acquisition targets and seeking shareholder approval for a proposed business combination.

The company was incorporated in Delaware and was established to pursue a target business, although publicly available information about its operating activities, geographic markets and leadership is limited.