AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Update

AleAnna Inc – Warrants (NASDAQ:ANNAW) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 200 shares, a decline of 96.6% from the April 30th total of 5,851 shares. Based on an average daily volume of 56,137 shares, the days-to-cover ratio is presently 0.0 days.

AleAnna Inc – Warrants Stock Performance

Shares of ANNAW traded up $0.07 during mid-day trading on Friday, reaching $0.35. 1,066 shares of the company’s stock traded hands, compared to its average volume of 146,068. The business’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.29. AleAnna Inc – Warrants has a 12 month low of $0.12 and a 12 month high of $1.28.

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.