AleAnna Inc – Warrants (NASDAQ:ANNAW) Short Interest Up 75.0% in July

AleAnna Inc – Warrants (NASDAQ:ANNAW) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 66,098 shares, an increase of 75.0% from the July 15th total of 37,771 shares. Based on an average trading volume of 89,798 shares, the days-to-cover ratio is currently 0.7 days.

AleAnna Inc – Warrants Trading Down 10.1%

Shares of NASDAQ ANNAW traded down $0.02 during trading on Monday, reaching $0.21. The company had a trading volume of 1,355 shares, compared to its average volume of 110,353. AleAnna Inc – Warrants has a 52 week low of $0.12 and a 52 week high of $1.28. The business’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.34.

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.