Armada Acquisition Corp. I (NASDAQ:AACIW) Short Interest Down 71.2% in July

Armada Acquisition Corp. I (NASDAQ:AACIW) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,123 shares, a decline of 71.2% from the July 15th total of 28,202 shares. Based on an average trading volume of 16,153 shares, the short-interest ratio is currently 0.5 days.

Armada Acquisition Corp. I Price Performance

Shares of AACIW opened at $0.36 on Friday. Armada Acquisition Corp. I has a 12 month low of $0.18 and a 12 month high of $0.40. The firm’s 50 day moving average is $0.33 and its 200-day moving average is $0.54.

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.