AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Significant Increase in Short Interest

AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average daily volume of 34,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On AI Transportation Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in AITR. Shaolin Capital Management LLC raised its position in AI Transportation Acquisition by 0.4% in the 3rd quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company's stock valued at $2,681,000 after buying an additional 1,042 shares during the last quarter. Berkley W R Corp bought a new stake in AI Transportation Acquisition during the 3rd quarter worth about $1,080,000. Westchester Capital Management LLC acquired a new position in shares of AI Transportation Acquisition during the 3rd quarter worth about $1,860,000. Finally, Wolverine Asset Management LLC grew its holdings 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 valued at $3,801,000 after acquiring an additional 126,322 shares in the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

AI Transportation Acquisition Stock Performance

AITR stock traded up $0.08 during mid-day trading on Friday, hitting $10.91. 647 shares of the company were exchanged, compared to its average volume of 13,047. AI Transportation Acquisition has a 1-year low of $10.20 and a 1-year high of $10.95. The firm's 50 day simple moving average is $10.74 and its 200 day simple moving average is $10.57.

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.