AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Down 62.0% in March

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 5,506 shares, a decline of 62.0% from the March 15th total of 14,496 shares. Based on an average trading volume of 482,588 shares, the days-to-cover ratio is presently 0.0 days.

AleAnna Inc – Warrants Trading Down 11.0%

NASDAQ ANNAW opened at $0.49 on Friday. AleAnna Inc – Warrants has a 12 month low of $0.12 and a 12 month high of $1.28. The business’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.25.

AleAnna Inc is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker ANNA, with its warrants trading under ANNAW. The company was formed as a blank check vehicle for the purpose of identifying and acquiring one or more businesses. AleAnna’s corporate structure allows it to operate without engaging in commercial business activities until a target is selected and a definitive acquisition agreement is executed.

In August 2021, AleAnna completed its initial public offering and began trading its units on the Nasdaq.