AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 22.2% in February
AI Transportation Acquisition Corp (NASDAQ:AITR) experienced a notable decline in short interest in February. The short interest decreased by 22.2% from February 13th to February 28th, totaling 700 shares. This represents approximately 0.0% of the company's stock being shorted. The decrease in short interest may indicate reduced bearish sentiment towards AITR. Investors may be monitoring these trends for potential market insights.
AI Transportation Acquisition Corp
AI Transportation Acquisition Corp (NASDAQ: AITR) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totaling 700 shares, a decrease of 22.2% from the February 13th total of 900 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On AI Transportation Acquisition
Several hedge funds have recently modified their holdings of AITR. Mizuho Securities USA LLC boosted its position in AI Transportation Acquisition by 142.4% during the fourth quarter. Wolverine Asset Management LLC boosted its holdings in shares of AI Transportation Acquisition by 15.9% in the 4th quarter. Shaolin Capital Management LLC grew its stake in shares of AI Transportation Acquisition by 0.4% in the third quarter. Berkley W R Corp increased its holdings in AI Transportation Acquisition by 91.1% during the fourth quarter. Finally, Westchester Capital Management LLC bought a new stake in AI Transportation Acquisition during the third quarter. Institutional investors own 81.89% of the company’s stock.
AI Transportation Acquisition Stock Up 0.3%
AI Transportation Acquisition stock opened at $10.97 on Monday. The company has a fifty-day simple moving average of $10.86 and a 200-day simple moving average of $10.68. AI Transportation Acquisition has a 1-year low of $10.27 and a 1-year high of $10.96.
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.
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