Armada Acquisition Corp. I (NASDAQ:AACIW) Short Interest Up 605.3% in April

Armada Acquisition Corp. I (NASDAQ:AACIW) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,601 shares, an increase of 605.3% from the April 15th total of 227 shares. Based on an average daily trading volume, of 10,822 shares, the days-to-cover ratio is currently 0.1 days.

Armada Acquisition Corp. I Stock Performance

Shares of Armada Acquisition Corp. I stock opened at $0.24 on Thursday. Armada Acquisition Corp. I has a one year low of $0.18 and a one year high of $0.30. The firm has a fifty day moving average of $0.57 and a two-hundred day moving average of $0.90.

Armada Acquisition Corp. I Company Profile

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.