AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Large Drop in Short Interest

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the November 30th total of 1,500 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Berkley W R Corp bought a new stake in AI Transportation Acquisition in the 3rd quarter valued at about $1,080,000. Westchester Capital Management LLC bought a new stake in shares of AI Transportation Acquisition during the third quarter valued at approximately $1,860,000. Cowen AND Company LLC raised its position in shares of AI Transportation Acquisition by 90.4% during the second quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock worth $2,616,000 after purchasing an additional 120,000 shares during the period. Shaolin Capital Management LLC bought a new position in shares of AI Transportation Acquisition in the 2nd quarter worth $2,637,000. Finally, Wolverine Asset Management LLC grew its position in AI Transportation Acquisition by 53.4% in the 3rd 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 during the period. 81.89% of the stock is owned by institutional investors.

AI Transportation Acquisition Stock Performance

AI Transportation Acquisition stock opened at $10.75 on Friday. AI Transportation Acquisition has a 52-week low of $10.11 and a 52-week high of $10.75. The stock’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.49.

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.