AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Up 64.1% in August

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 108,497 shares, a growth of 64.1% from the July 30th total of 66,098 shares. Based on an average daily volume of 33,807 shares, the days-to-cover ratio is currently 3.2 days.

AleAnna Inc – Warrants Stock Up 0.1%

NASDAQ ANNAW traded up $0.00 during mid-day trading on Tuesday, hitting $0.17. The stock had a trading volume of 75,217 shares, compared to its average volume of 107,932. The firm’s 50 day moving average is $0.24 and its 200 day moving average is $0.33. AleAnna Inc – Warrants has a twelve month low of $0.12 and a twelve 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.