AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Significant Decrease in Short Interest

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,500 shares, a decrease of 6.3% from the November 15th total of 1,600 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of AI Transportation Acquisition

Several hedge funds have recently bought and sold shares of AITR. Shaolin Capital Management LLC bought a new stake in AI Transportation Acquisition during the second quarter valued at about $2,637,000. Westchester Capital Management LLC purchased a new stake in shares of AI Transportation Acquisition in the third quarter worth about $1,860,000. Wolverine Asset Management LLC raised its stake in 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 purchasing an additional 126,322 shares in the last quarter. Cowen AND Company LLC lifted its holdings in shares of AI Transportation Acquisition by 90.4% in the 2nd quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock valued at $2,616,000 after acquiring an additional 120,000 shares during the last quarter. Finally, Berkley W R Corp purchased a new position in AI Transportation Acquisition in the third quarter worth about $1,080,000. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Performance

Shares of NASDAQ AITR opened at $10.70 on Monday. AI Transportation Acquisition has a 12-month low of $10.11 and a 12-month high of $10.72. The firm has a 50 day moving average of $10.59 and a 200 day moving average of $10.47.

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.