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

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 34,900 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On AI Transportation Acquisition

Several large investors have recently modified their holdings of the stock. Shaolin Capital Management LLC purchased a new position in shares of AI Transportation Acquisition during the second quarter valued at approximately $2,637,000. Westchester Capital Management LLC purchased a new position in shares of AI Transportation Acquisition during the third quarter worth approximately $1,860,000. Wolverine Asset Management LLC raised its stake in shares of AI Transportation Acquisition by 53.4% during the third quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock valued at $3,801,000 after acquiring an additional 126,322 shares in the last quarter. Finally, Berkley W R Corp bought a new stake in shares of AI Transportation Acquisition during the third quarter valued at approximately $1,080,000. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Price Performance

Shares of NASDAQ AITR opened at $10.78 on Tuesday. AI Transportation Acquisition has a 1-year low of $10.19 and a 1-year high of $10.80. The business’s 50 day moving average is $10.67 and its two-hundred day moving average is $10.53.

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.