AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,100 shares, an increase of 37.5% from the January 15th total of 800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 11,200 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On AI Transportation Acquisition
Several large investors have recently modified their holdings of the stock. Yakira Capital Management Inc. acquired a new stake in AI Transportation Acquisition in the 4th quarter valued at $376,000. Spartan Fund Management Inc. acquired a new stake in shares of AI Transportation Acquisition in the 4th quarter valued at $504,000. Berkley W R Corp acquired a new stake in shares of AI Transportation Acquisition in the 3rd quarter valued at $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 acquired a new stake in shares of AI Transportation Acquisition during the 3rd quarter worth about $1,860,000. 81.89% of the stock is currently owned by institutional investors.
AI Transportation Acquisition Price Performance
NASDAQ:AITR remained flat at $10.85 during mid-day trading on Tuesday. 100 shares of the company traded hands, compared to its average volume of 21,977. AI Transportation Acquisition has a 52-week low of $10.23 and a 52-week high of $11.16. The company has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $10.61.
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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