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

AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a decrease of 57.9% from the October 31st total of 3,800 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are short sold.

AI Transportation Acquisition Stock Performance

Shares of AITR stock traded up $0.03 during trading on Thursday, hitting $10.63. 287 shares of the company were exchanged, compared to its average volume of 41,530. The business's 50-day simple moving average is $10.54 and its 200 day simple moving average is $10.44. AI Transportation Acquisition has a twelve month low of $10.11 and a twelve month high of $10.63.

Institutional Investors Weigh In On AI Transportation Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC lifted its position in 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 buying an additional 126,322 shares in the last quarter. Shaolin Capital Management LLC lifted 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 worth $2,681,000 after buying an additional 1,042 shares in the last quarter. Cowen AND Company LLC lifted its position in 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 buying an additional 120,000 shares in the last quarter. Westchester Capital Management LLC purchased a new stake in AI Transportation Acquisition in the 3rd quarter worth approximately $1,860,000. Finally, Berkley W R Corp purchased a new stake in AI Transportation Acquisition in the 3rd quarter worth approximately $1,080,000. Hedge funds and other institutional investors own 81.89% of the company's stock.

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.