AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, a decrease of 18.2% from the January 31st total of 1,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is presently 0.1 days.
AI Transportation Acquisition Trading Down 0.3 %
Shares of AITR traded down $0.03 during mid-day trading on Friday, reaching $10.93. The company had a trading volume of 1,353 shares, compared to its average volume of 22,452. The company's 50 day simple moving average is $10.84 and its 200 day simple moving average is $10.66. AI Transportation Acquisition has a 1-year low of $10.27 and a 1-year high of $10.96.
Institutional Trading of AI Transportation Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Yakira Capital Management Inc. bought a new position in shares of AI Transportation Acquisition during the fourth quarter valued at $376,000. Spartan Fund Management Inc. bought a new stake in AI Transportation Acquisition during the fourth quarter valued at $504,000. Berkley W R Corp acquired a new stake in AI Transportation Acquisition during the 3rd quarter worth about $1,080,000. Toronto Dominion Bank bought a new position in shares of AI Transportation Acquisition in the 4th quarter worth about $1,604,000. Finally, Westchester Capital Management LLC bought a new stake in AI Transportation Acquisition in the third quarter worth approximately $1,860,000. Institutional investors own 81.89% of the company's stock.
AI Transportation Acquisition Company Profile
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AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.
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