Armada Acquisition Corp. I (NASDAQ:AACIW) Stock Short Interest Report for September

Armada Acquisition Corp. I (NASDAQ:AACIW) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 11,818 shares, a growth of 175.7% from the September 15th total of 4,287 shares. Based on an average trading volume of 9,172 shares, the short-interest ratio is presently 1.3 days.

Armada Acquisition Corp. I Price Performance

Shares of NASDAQ:AACIW remained flat at $0.21 during trading hours on Tuesday. The company’s stock had a trading volume of 1,417 shares, compared to its average volume of 15,421. Armada Acquisition Corp. I has a fifty-two week low of $0.18 and a fifty-two week high of $0.40. The firm has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $0.30.

Armada Acquisition Corp. I Company Profile

Armada Acquisition Corp. I was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. As a blank-check company, it did not have its own products, services, or significant commercial operations before completing a transaction.

The company evaluated potential targets, with an emphasis on technology-oriented businesses and sectors such as financial services, software, digital commerce, media, and telecommunications.