Armada Acquisition Corp. I (NASDAQ:AACIW – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 4,287 shares, a drop of 41.5% from the August 31st total of 7,332 shares. Based on an average daily trading volume, of 4,073 shares, the days-to-cover ratio is currently 1.1 days.
Armada Acquisition Corp. I Trading Down 4.7%
Shares of NASDAQ:AACIW opened at $0.24 on Wednesday. Armada Acquisition Corp. I has a 52-week low of $0.18 and a 52-week high of $0.40. The firm has a fifty day moving average of $0.29 and a 200 day moving average of $0.36.
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.
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