Armada Acquisition Corp. I (NASDAQ:AACI – Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a decrease of 95.0% from the March 31st total of 2,000 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On Armada Acquisition Corp. I
Institutional investors have recently made changes to their positions in the company. Mizuho Securities USA LLC purchased a new stake in Armada Acquisition Corp. I during the third quarter worth $1,842,000. Cowen AND Company LLC boosted its position in Armada Acquisition Corp. I by 183.9% during the fourth quarter. Cowen AND Company LLC now owns 91,230 shares of the company’s stock valued at $983,000 after purchasing an additional 59,090 shares in the last quarter. Clear Street LLC boosted its position in Armada Acquisition Corp. I by 17,155.9% during the fourth quarter. Clear Street LLC now owns 110,610 shares of the company’s stock valued at $1,191,000 after purchasing an additional 109,969 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Armada Acquisition Corp. I in the fourth quarter valued at about $264,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.
Armada Acquisition Corp. I Trading Up 0.7 %
Shares of AACI opened at $11.58 on Friday. The company has a 50-day moving average of $11.11 and a 200 day moving average of $10.90. Armada Acquisition Corp. I has a 1-year low of $10.12 and a 1-year high of $12.53.
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.
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