AleAnna Inc – Warrants (NASDAQ:ANNAW) Sees Large Drop in Short Interest

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 4,937 shares, a drop of 69.5% from the December 31st total of 16,187 shares. Based on an average daily trading volume, of 9,402 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 9,402 shares, the days-to-cover ratio is currently 0.5 days.

AleAnna Inc – Warrants Stock Up 26.2%

NASDAQ ANNAW opened at $0.27 on Wednesday. The firm’s fifty day moving average price is $0.17 and its two-hundred day moving average price is $0.18. AleAnna Inc – Warrants has a 1 year low of $0.12 and a 1 year high of $0.53.

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.