AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 700 shares, a decrease of 22.2% from the February 13th total of 900 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
AI Transportation Acquisition Trading Down 0.1 %
Shares of AITR stock traded down $0.02 during mid-day trading on Thursday, reaching $10.92. The company's stock had a trading volume of 410 shares, compared to its average volume of 22,036. The firm's 50-day moving average is $10.88 and its two-hundred day moving average is $10.69. AI Transportation Acquisition has a 1-year low of $10.27 and a 1-year high of $10.96.
Institutional Investors Weigh In On AI Transportation Acquisition
Large investors have recently made changes to their positions in the company. Yakira Capital Management Inc. bought a new stake in shares of AI Transportation Acquisition in the 4th quarter worth about $376,000. Spartan Fund Management Inc. bought a new stake in shares of AI Transportation Acquisition in the 4th quarter worth about $504,000. Berkley W R Corp bought a new stake in shares of AI Transportation Acquisition in the 3rd quarter worth about $1,080,000. Toronto Dominion Bank bought a new stake 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 shares of AI Transportation Acquisition in the 3rd quarter worth about $1,860,000. Institutional investors own 81.89% of the company's stock.
About AI Transportation Acquisition
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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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