AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 4,600 shares, a growth of 64.3% from the August 31st total of 2,800 shares. Based on an average daily volume of 12,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company's stock are short sold.
Hedge Funds Weigh In On AI Transportation Acquisition
Several hedge funds have recently modified their holdings of the company. Shaolin Capital Management LLC bought a new stake in shares of AI Transportation Acquisition in the 2nd quarter worth approximately $2,637,000. Cowen AND Company LLC raised its holdings in shares of 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 purchasing an additional 120,000 shares during the period. Virtu Financial LLC bought a new stake in shares of AI Transportation Acquisition in the 1st quarter worth approximately $379,000. Whitebox Advisors LLC purchased a new position in AI Transportation Acquisition in the 1st quarter valued at approximately $206,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in AI Transportation Acquisition in the 1st quarter valued at approximately $1,027,000. Institutional investors own 81.89% of the company's stock.
AI Transportation Acquisition Stock Performance
AITR stock remained flat at $10.48 during mid-day trading on Thursday. The company's stock had a trading volume of 15,550 shares, compared to its average volume of 38,651. AI Transportation Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.49. The company has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $10.36.
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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