AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Up 14,441.0% in May

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 29,082 shares, an increase of 14,441.0% from the May 14th total of 200 shares. Based on an average daily trading volume, of 64,088 shares, the short-interest ratio is currently 0.5 days.

AleAnna Inc – Warrants Stock Performance

Shares of ANNAW stock traded up $0.00 on Tuesday, reaching $0.27. The stock had a trading volume of 41,973 shares, compared to its average volume of 139,124. AleAnna Inc – Warrants has a 1 year low of $0.12 and a 1 year high of $1.28. The company has a 50 day simple moving average of $0.44 and a 200 day simple moving average of $0.30.

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.