Armada Acquisition Corp. II (NASDAQ:AACI) Short Interest Up 104.5% in April

Armada Acquisition Corp. II (NASDAQ:AACI) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 728 shares, a growth of 104.5% from the April 15th total of 356 shares. Based on an average daily volume of 27,626 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Armada Acquisition Corp. II

Large investors have recently added to or reduced their stakes in the stock. Meteora Capital LLC bought a new position in shares of Armada Acquisition Corp. II during the 3rd quarter valued at approximately $18,584,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Armada Acquisition Corp. II during the third quarter worth $15,651,000. Harraden Circle Investments LLC purchased a new position in Armada Acquisition Corp. II during the third quarter worth $13,113,000. AQR Arbitrage LLC bought a new position in Armada Acquisition Corp. II during the third quarter valued at $11,572,000. Finally, LMR Partners LLP bought a new position in Armada Acquisition Corp. II during the second quarter valued at $8,040,000. 27.95% of the stock is owned by institutional investors.

Armada Acquisition Corp. II Stock Performance

Armada Acquisition Corp. II stock opened at $9.94 on Friday. The company’s 50-day moving average price is $10.03 and its 200-day moving average price is $10.20. Armada Acquisition Corp. II has a twelve month low of $9.74 and a twelve month high of $9.98.

About Armada Acquisition Corp. II

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.