Armada Acquisition Corp. I (NASDAQ:AACI) Short Interest Up 125.0% in June

Armada Acquisition Corp. I (NASDAQ:AACI) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 900 shares, an increase of 125.0% from the May 31st total of 400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 0.0 days.

Armada Acquisition Corp. I Price Performance

Shares of AACI traded down $0.08 during trading on Friday, reaching $11.37. 3,195 shares of the company traded hands, compared to its average volume of 22,739. The stock has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.15. Armada Acquisition Corp. I has a twelve month low of $10.39 and a twelve month high of $12.53.

Institutional Trading of Armada Acquisition Corp. I

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Armada Acquisition Corp. I during the fourth quarter worth about $264,000. Cowen AND Company LLC boosted its position in 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 period. Mizuho Securities USA LLC grew its stake in Armada Acquisition Corp. I by 57.1% during the 4th quarter. Mizuho Securities USA LLC now owns 275,058 shares of the company’s stock worth $2,943,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Clear Street LLC increased its holdings in 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 purchasing an additional 109,969 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.