Short Interest in AI Transportation Acquisition Corp (NASDAQ:AITR) Rises By 100.0%

AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On AI Transportation Acquisition

Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its position in AI Transportation Acquisition by 53.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company's stock valued at $3,801,000 after purchasing an additional 126,322 shares during the period. Shaolin Capital Management LLC acquired a new position in shares of AI Transportation Acquisition during the second quarter valued at $2,637,000. Berkley W R Corp bought a new position in shares of AI Transportation Acquisition during the third quarter worth about $1,080,000. Finally, Westchester Capital Management LLC acquired 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.

AI Transportation Acquisition Stock Performance

Shares of AITR traded up $0.03 during trading on Tuesday, reaching $10.78. The company's stock had a trading volume of 2,945 shares, compared to its average volume of 111,273. AI Transportation Acquisition has a twelve month low of $10.19 and a twelve month high of $10.80. The company has a fifty day moving average of $10.67 and a two-hundred day moving average of $10.53.

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.