AI Transportation Acquisition Corp (NASDAQ:AITR - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 6,500 shares, an increase of 41.3% from the September 30th total of 4,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 0.3 days.
AI Transportation Acquisition Stock Performance
Shares of AITR stock remained flat at $10.56 during trading on Friday. 288,284 shares of the company traded hands, compared to its average volume of 40,258. The business's fifty day moving average is $10.49 and its 200-day moving average is $10.40. AI Transportation Acquisition has a twelve month low of $10.11 and a twelve month high of $10.57.
Institutional Trading of AI Transportation Acquisition
A number of institutional investors have recently added to or reduced their stakes in the business. Whitebox Advisors LLC acquired a new stake in AI Transportation Acquisition in the first quarter valued at approximately $206,000. Virtu Financial LLC acquired a new stake in AI Transportation Acquisition in the first quarter valued at approximately $379,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in AI Transportation Acquisition in the first quarter valued at approximately $1,027,000. Periscope Capital Inc. acquired a new stake in shares of AI Transportation Acquisition in the first quarter worth $1,028,000. Finally, Gabelli Funds LLC acquired a new stake in shares of AI Transportation Acquisition in the first quarter worth $1,029,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.
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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