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

by · The Cerbat Gem

Armada Acquisition Corp. II (NASDAQ:AACI – Get Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 728 shares, an increase of 104.5% from the April 15th total of 356 shares. Based on an average daily trading volume, of 27,626 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Armada Acquisition Corp. II Stock Performance

Shares of AACI stock remained flat at $9.94 during mid-day trading on Monday. 14,044 shares of the stock were exchanged, compared to its average volume of 36,659. Armada Acquisition Corp. II has a 52 week low of $9.74 and a 52 week high of $9.98. The firm’s fifty day moving average is $10.03 and its 200-day moving average is $10.20.

Hedge Funds Weigh In On Armada Acquisition Corp. II

A number of hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth about $2,087,000. DLD Asset Management LP bought a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth about $3,652,000. Harraden Circle Investments LLC bought a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth about $13,113,000. Cable Car Capital LP bought a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth about $1,565,000. Finally, AQR Arbitrage LLC bought a new stake in shares of Armada Acquisition Corp. II in the 3rd quarter worth about $11,572,000. Institutional investors and hedge funds own 27.95% of the company’s stock.

Armada Acquisition Corp. II Company Profile

(Get Free Report)

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.

Recommended Stories