AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Down 32.4% in August

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 73,380 shares, a decrease of 32.4% from the August 15th total of 108,497 shares. Based on an average trading volume of 69,182 shares, the days-to-cover ratio is presently 1.1 days.

AleAnna Inc – Warrants Stock Down 6.5%

Shares of AleAnna Inc – Warrants stock opened at $0.29 on Thursday. The company has a 50 day moving average price of $0.23 and a 200 day moving average price of $0.34. AleAnna Inc – Warrants has a 52 week low of $0.12 and a 52 week high of $1.28.

AleAnna Inc is a special purpose acquisition company incorporated in Delaware and listed on the Nasdaq under the ticker ANNA, with its warrants trading under ANNAW. The company was formed as a blank check vehicle for the purpose of identifying and acquiring one or more businesses. AleAnna’s corporate structure allows it to operate without engaging in commercial business activities until a target is selected and a definitive acquisition agreement is executed.

In August 2021, AleAnna completed its initial public offering and began trading its units on the Nasdaq.