AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Update

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,800 shares, a growth of 33.3% from the August 15th total of 2,100 shares. Based on an average daily volume of 16,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Whitebox Advisors LLC acquired a new position in shares of AI Transportation Acquisition in the 1st quarter valued at $206,000. Virtu Financial LLC purchased a new stake in AI Transportation Acquisition in the 1st quarter valued at about $379,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in AI Transportation Acquisition in the first quarter valued at about $1,027,000. Periscope Capital Inc. purchased a new position in AI Transportation Acquisition during the first quarter worth about $1,028,000. Finally, Gabelli Funds LLC acquired a new stake in shares of AI Transportation Acquisition during the first quarter valued at about $1,029,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

AI Transportation Acquisition Price Performance

Shares of NASDAQ AITR remained flat at $10.48 during midday trading on Friday. 699 shares of the stock were exchanged, compared to its average volume of 40,744. The firm has a fifty day moving average of $10.41 and a 200 day moving average of $10.35. AI Transportation Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.48.

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.