Short Interest in Armada Acquisition Corp. I (NASDAQ:AACI) Decreases By 95.0%

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

Armada Acquisition Corp. I Price Performance

AACI stock opened at $11.49 on Friday. Armada Acquisition Corp. I has a one year low of $10.12 and a one year high of $12.53. The company’s 50 day moving average price is $11.12 and its two-hundred day moving average price is $10.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AACI. Mizuho Securities USA LLC bought a new stake in Armada Acquisition Corp. I in the third quarter valued at $1,842,000. Virtu Financial LLC bought a new stake in Armada Acquisition Corp. I in the fourth quarter valued at $264,000. Clear Street LLC lifted its position in Armada Acquisition Corp. I by 17,155.9% during the fourth quarter. Clear Street LLC now owns 110,610 shares of the company’s stock valued at $1,191,000 after buying an additional 109,969 shares during the period. Finally, Cowen AND Company LLC lifted its position in 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 valued at $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.