AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Up 41.3% in October

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 6,500 shares, a growth of 41.3% from the September 30th total of 4,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of AI Transportation Acquisition

A number of hedge funds have recently made changes to their positions in the stock. Whitebox Advisors LLC purchased a new stake in shares of AI Transportation Acquisition in the first quarter worth approximately $206,000. Virtu Financial LLC bought a new position in AI Transportation Acquisition during the first quarter valued at approximately $379,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in AI Transportation Acquisition during the first quarter valued at approximately $1,027,000. Periscope Capital Inc. bought a new position in AI Transportation Acquisition during the first quarter valued at approximately $1,028,000. Finally, Gabelli Funds LLC bought a new position in AI Transportation Acquisition during the first quarter valued at approximately $1,029,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

AI Transportation Acquisition Stock Performance

AITR stock remained flat at $10.56 during mid-day trading on Friday. 288,284 shares of the company’s stock were exchanged, compared to its average volume of 40,258. AI Transportation Acquisition has a 52 week low of $10.11 and a 52 week high of $10.57. The stock has a 50-day moving average of $10.49 and a two-hundred day moving average of $10.40.

AI Transportation Acquisition Company Profile

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.