Armada Acquisition Corp. I (NASDAQ:AACI) Short Interest Update

Armada Acquisition Corp. I (NASDAQ:AACIGet Rating) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 7,500 shares, a decline of 95.9% from the March 31st total of 184,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is presently 0.6 days.

AACI stock remained flat at $$9.85 during midday trading on Wednesday. Armada Acquisition Corp. I has a 52 week low of $9.34 and a 52 week high of $9.99. The stock’s fifty day moving average is $9.84.

Several hedge funds and other institutional investors have recently modified their holdings of AACI. Schonfeld Strategic Advisors LLC acquired a new position in Armada Acquisition Corp. I during the 4th quarter valued at approximately $107,000. Rockefeller Capital Management L.P. acquired a new position in Armada Acquisition Corp. I during the 4th quarter worth $149,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Armada Acquisition Corp. I during the 4th quarter worth $194,000. Dakota Wealth Management acquired a new position in Armada Acquisition Corp. I during the 4th quarter worth $390,000. Finally, Millennium Management LLC acquired a new position in Armada Acquisition Corp. I during the 4th quarter worth $491,000. Institutional investors and hedge funds own 40.35% of the company’s stock.

Armada Acquisition Corp. I Company Profile (Get Rating)

Armada Acquisition Corp. I focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on target businesses that provide technological services to the financial services industry.

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