Armada Acquisition Corp. II (NASDAQ:AACI) Short Interest Up 104.5% in April

Armada Acquisition Corp. II (NASDAQ:AACI) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 728 shares, a growth of 104.5% from the April 15th total of 356 shares. Based on an average daily volume of 27,626 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Armada Acquisition Corp. II Price Performance

Shares of NASDAQ AACI opened at $9.94 on Friday. Armada Acquisition Corp. II has a 1 year low of $9.74 and a 1 year high of $9.98. The firm has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $10.20.

Institutional Investors Weigh In On Armada Acquisition Corp. II

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new position in Armada Acquisition Corp. II during the 3rd quarter valued at $235,000. Clear Street Group Inc. purchased a new stake in Armada Acquisition Corp. II in the third quarter worth $295,000. Cantor Fitzgerald L. P. bought a new stake in shares of Armada Acquisition Corp. II during the third quarter worth $296,000. Steadfast Capital Management LP purchased a new stake in shares of Armada Acquisition Corp. II during the third quarter valued at $835,000. Finally, Bulldog Investors LLP purchased a new stake in shares of Armada Acquisition Corp. II during the third quarter valued at $1,043,000. 27.95% of the stock is owned by institutional investors.

Armada Acquisition Corp. II Company Profile

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.