Armada Acquisition Corp. I (NASDAQ:AACI) Sees Significant Drop in Short Interest

Armada Acquisition Corp. I (NASDAQ:AACI) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 100 shares, a drop of 95.0% from the March 31st total of 2,000 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is presently 0.0 days.

Armada Acquisition Corp. I Stock Up 0.7 %

Armada Acquisition Corp. I stock opened at $11.58 on Friday. The company has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $10.90. Armada Acquisition Corp. I has a 12-month low of $10.12 and a 12-month high of $12.53.

Institutional Trading of Armada Acquisition Corp. I

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Armada Acquisition Corp. I in the fourth quarter valued at approximately $264,000. Clear Street LLC lifted its position in shares of Armada Acquisition Corp. I by 17,155.9% during the 4th quarter. Clear Street LLC now owns 110,610 shares of the company’s stock worth $1,191,000 after buying an additional 109,969 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Armada Acquisition Corp. I by 57.1% in the 4th quarter. Mizuho Securities USA LLC now owns 275,058 shares of the company’s stock valued at $2,943,000 after buying an additional 100,000 shares in the last quarter. Finally, Cowen AND Company LLC grew its position 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 last quarter. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.