Armada Acquisition Corp. I (NASDAQ:AACIW) Sees Large Drop in Short Interest

Armada Acquisition Corp. I (NASDAQ:AACIW) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 27,519 shares, a drop of 34.9% from the May 31st total of 42,258 shares. Based on an average daily volume of 23,334 shares, the days-to-cover ratio is presently 1.2 days.

Armada Acquisition Corp. I Stock Up 3.7%

Armada Acquisition Corp. I stock opened at $0.39 on Friday. The stock has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.70. Armada Acquisition Corp. I has a 52 week low of $0.18 and a 52 week high of $0.39.

About Armada Acquisition Corp. I

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.