Armada Acquisition Corp. I (NASDAQ:AACIW – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 11,818 shares, an increase of 175.7% from the September 15th total of 4,287 shares. Based on an average daily volume of 9,172 shares, the short-interest ratio is presently 1.3 days.
Armada Acquisition Corp. I Price Performance
NASDAQ:AACIW remained flat at $0.21 on Monday. 1,417 shares of the company traded hands, compared to its average volume of 15,421. The company’s 50 day moving average price is $0.27 and its 200 day moving average price is $0.31. Armada Acquisition Corp. I has a fifty-two week low of $0.18 and a fifty-two week high of $0.40.
Armada Acquisition Corp. I Company Profile
Armada Acquisition Corp. I was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. As a blank-check company, it did not have its own products, services, or significant commercial operations before completing a transaction.
The company evaluated potential targets, with an emphasis on technology-oriented businesses and sectors such as financial services, software, digital commerce, media, and telecommunications.
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