AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Up 47.5% in March

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 14,496 shares, a growth of 47.5% from the February 26th total of 9,830 shares. Based on an average daily volume of 115,277 shares, the days-to-cover ratio is presently 0.1 days.

AleAnna Inc – Warrants Price Performance

Shares of NASDAQ:ANNAW opened at $0.78 on Friday. The stock’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $0.22. AleAnna Inc – Warrants has a 12-month low of $0.12 and a 12-month high of $0.94.

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.