AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Large Decline in Short Interest

AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,500 shares, a decline of 6.3% from the November 15th total of 1,600 shares. Based on an average daily trading volume, of 33,900 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of AI Transportation Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the business. Berkley W R Corp acquired a new position in shares of AI Transportation Acquisition in the third quarter valued at approximately $1,080,000. Westchester Capital Management LLC purchased a new position in AI Transportation Acquisition during the 3rd quarter worth $1,860,000. Cowen AND Company LLC lifted its stake in shares of AI Transportation Acquisition by 90.4% in the 2nd quarter. Cowen AND Company LLC now owns 252,706 shares of the company's stock worth $2,616,000 after acquiring an additional 120,000 shares during the period. Shaolin Capital Management LLC purchased a new stake in shares of AI Transportation Acquisition in the second quarter valued at about $2,637,000. Finally, Wolverine Asset Management LLC increased its stake in shares of AI Transportation Acquisition by 53.4% during the third quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company's stock worth $3,801,000 after acquiring an additional 126,322 shares during the period. Hedge funds and other institutional investors own 81.89% of the company's stock.

AI Transportation Acquisition Stock Performance

NASDAQ AITR remained flat at $10.71 on Monday. The company's stock had a trading volume of 21 shares, compared to its average volume of 40,996. AI Transportation Acquisition has a one year low of $10.11 and a one year high of $10.72. The company's 50-day moving average is $10.59 and its 200-day moving average is $10.47.

AI Transportation Acquisition Company Profile

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.