AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Update

AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,800 shares, a drop of 41.5% from the October 15th total of 6,500 shares. Based on an average daily trading volume, of 37,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On AI Transportation Acquisition

Hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC acquired a new position in AI Transportation Acquisition in the first quarter worth about $1,029,000. Wolverine Asset Management LLC grew its position in shares of AI Transportation Acquisition by 53.4% in the 3rd 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 in the last quarter. Shaolin Capital Management LLC bought a new stake in shares of AI Transportation Acquisition in the 2nd quarter valued at approximately $2,637,000. Cowen AND Company LLC raised its position in shares of AI Transportation Acquisition by 90.4% during the 2nd quarter. Cowen AND Company LLC now owns 252,706 shares of the company's stock valued at $2,616,000 after acquiring an additional 120,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in AI Transportation Acquisition during the first quarter worth $379,000. Institutional investors and hedge funds own 81.89% of the company's stock.

AI Transportation Acquisition Stock Performance

AI Transportation Acquisition stock remained flat at $10.54 during midday trading on Wednesday. The company had a trading volume of 104 shares, compared to its average volume of 76,522. AI Transportation Acquisition has a 12-month low of $10.11 and a 12-month high of $10.59. The stock has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.42.

About AI Transportation Acquisition

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.