Armada Acquisition Corp. I (NASDAQ:AACI) Short Interest Update

Armada Acquisition Corp. I (NASDAQ:AACI) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 100 shares, a decline of 95.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 0.0 days.

Armada Acquisition Corp. I Price Performance

Armada Acquisition Corp. I stock traded up $0.08 on Thursday, reaching $11.58. The company’s stock had a trading volume of 14,399 shares, compared to its average volume of 24,386. Armada Acquisition Corp. I has a twelve month low of $10.12 and a twelve month high of $12.53. The business’s fifty day moving average price is $11.11 and its 200 day moving average price is $10.90.

Institutional Investors Weigh In On Armada Acquisition Corp. I

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Armada Acquisition Corp. I in the fourth quarter valued at about $264,000. Clear Street LLC increased its holdings in Armada Acquisition Corp. I by 17,155.9% in the fourth quarter. Clear Street LLC now owns 110,610 shares of the company’s stock valued at $1,191,000 after purchasing an additional 109,969 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Armada Acquisition Corp. I by 57.1% during the fourth quarter. Mizuho Securities USA LLC now owns 275,058 shares of the company’s stock worth $2,943,000 after buying an additional 100,000 shares during the period. Finally, Cowen AND Company LLC boosted its position in shares of Armada Acquisition Corp. I by 183.9% during the fourth quarter. Cowen AND Company LLC now owns 91,230 shares of the company’s stock worth $983,000 after buying an additional 59,090 shares during the period. Institutional investors own 27.96% of the company’s stock.

About Armada Acquisition Corp. I

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.