Armada Acquisition Corp. I (NASDAQ:AACI - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,000 shares, a growth of 300.0% from the March 15th total of 500 shares. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's shares are sold short.
Armada Acquisition Corp. I Trading Down 1.6 %
Shares of AACI traded down $0.18 during trading hours on Wednesday, hitting $11.22. 3,232 shares of the stock were exchanged, compared to its average volume of 15,167. The business has a 50-day moving average of $11.04 and a 200-day moving average of $10.86. Armada Acquisition Corp. I has a fifty-two week low of $10.09 and a fifty-two week high of $12.53.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SNC acquired a new position in Armada Acquisition Corp. I during the third quarter worth $7,226,000. Hsbc Holdings PLC acquired a new stake in shares of Armada Acquisition Corp. I in the 1st quarter worth about $3,928,000. Sandia Investment Management LP bought a new position in Armada Acquisition Corp. I in the 1st quarter valued at about $3,565,000. Mizuho Securities USA LLC acquired a new position in Armada Acquisition Corp. I during the 3rd quarter valued at about $1,842,000. Finally, Quarry LP bought a new stake in Armada Acquisition Corp. I during the 2nd quarter worth approximately $1,414,000. 27.96% of the stock is owned by institutional investors.
About Armada Acquisition Corp. I
(
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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.
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