Armada Acquisition Corp. II (NASDAQ:AACI) Shares Shorted: Short Interest Down 49.8% in September

Armada Acquisition Corp. II (NASDAQ:AACI) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 467 shares, a drop of 49.8% from the August 31st total of 930 shares. Based on an average daily volume of 15,382 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Armada Acquisition Corp. II in a report on Thursday, August 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Armada Acquisition Corp. II Stock Performance

NASDAQ:AACI opened at $10.05 on Tuesday. Armada Acquisition Corp. II has a 12 month low of $9.74 and a 12 month high of $10.09. The firm has a fifty day simple moving average of $10.02 and a two-hundred day simple moving average of $10.00.

About Armada Acquisition Corp. II

Armada Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business. Rather than selling products or services directly, the company raises capital through an initial public offering and places those funds in a trust while it searches for a merger partner.

The company’s objective is to complete a business combination, such as a merger, stock exchange, asset acquisition, or similar transaction, with one or more privately held businesses.