Armada Acquisition Corp. I (NASDAQ:AACIU) Short Interest Up 300.0% in July

Armada Acquisition Corp. I (NASDAQ:AACIU) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 400 shares, a growth of 300.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 900 shares, the days-to-cover ratio is presently 0.4 days.

Armada Acquisition Corp. I Stock Performance

AACIU stock traded down $0.85 during trading on Monday, hitting $10.85. 204 shares of the stock traded hands, compared to its average volume of 3,525. Armada Acquisition Corp. I has a 1 year low of $8.87 and a 1 year high of $15.00. The firm’s 50 day moving average is $11.54 and its two-hundred day moving average is $11.24.

Hedge Funds Weigh In On Armada Acquisition Corp. I

A hedge fund recently raised its stake in Armada Acquisition Corp. I stock. Clear Street LLC grew its holdings in shares of Armada Acquisition Corp. I (NASDAQ:AACIU) by 168.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,411 shares of the company’s stock after buying an additional 4,649 shares during the quarter. Clear Street LLC’s holdings in Armada Acquisition Corp. I were worth $85,000 at the end of the most recent reporting period.

Armada Acquisition Corp. I Company Profile

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.