Armada Acquisition Corp. I (NASDAQ:AACI) Short Interest Update

Armada Acquisition Corp. I (NASDAQ:AACI) was the recipient of 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Armada Acquisition Corp. I

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Armada Acquisition Corp. I during the 4th quarter worth about $264,000. Clear Street LLC lifted its holdings in shares of 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 valued at $1,191,000 after buying an additional 109,969 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of 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 valued at $2,943,000 after buying an additional 100,000 shares during the last quarter. Finally, Cowen AND Company LLC lifted its holdings in shares of Armada Acquisition Corp. I by 183.9% during 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 last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

Armada Acquisition Corp. I Trading Down 0.1 %

NASDAQ:AACI opened at $11.44 on Friday. Armada Acquisition Corp. I has a 1-year low of $10.39 and a 1-year high of $12.53. The stock has a fifty day simple moving average of $11.49 and a 200 day simple moving average of $11.15.

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.