Armada Acquisition Corp. I (NASDAQ:AACI) Short Interest Up 300.0% in March

Armada Acquisition Corp. I (NASDAQ:AACI) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,000 shares, an increase of 300.0% from the March 15th total of 500 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Armada Acquisition Corp. I Trading Down 1.6 %

AACI stock opened at $11.22 on Thursday. Armada Acquisition Corp. I has a 12 month low of $10.09 and a 12 month high of $12.53. The firm has a 50-day moving average of $11.05 and a two-hundred day moving average of $10.86.

Institutional Trading of Armada Acquisition Corp. I

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Armada Acquisition Corp. I in the 4th quarter valued at approximately $110,000. Glazer Capital LLC purchased a new stake in shares of Armada Acquisition Corp. I in the 4th quarter valued at approximately $197,000. EHP Funds Inc. purchased a new stake in shares of Armada Acquisition Corp. I in the 1st quarter valued at approximately $246,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Armada Acquisition Corp. I in the 2nd quarter valued at approximately $350,000. Finally, Cowen AND Company LLC grew its stake in shares of Armada Acquisition Corp. I by 183.9% in the 4th quarter. Cowen AND Company LLC now owns 91,230 shares of the company’s stock valued at $983,000 after buying an additional 59,090 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.