AleAnna Inc – Warrants (NASDAQ:ANNAW) Sees Large Growth in Short Interest

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 14,496 shares, an increase of 47.5% from the February 26th total of 9,830 shares. Based on an average trading volume of 115,277 shares, the short-interest ratio is currently 0.1 days.

AleAnna Inc – Warrants Stock Up 18.5%

NASDAQ:ANNAW opened at $0.78 on Friday. AleAnna Inc – Warrants has a fifty-two week low of $0.12 and a fifty-two week high of $0.94. The company has a 50 day moving average price of $0.29 and a 200 day moving average price of $0.22.

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.