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

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

AI Transportation Acquisition Stock Up 0.4 %

AI Transportation Acquisition stock opened at $10.86 on Wednesday. AI Transportation Acquisition has a twelve month low of $10.20 and a twelve month high of $10.95. The stock has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.56.

Hedge Funds Weigh In On AI Transportation Acquisition

Hedge funds have recently bought and sold shares of the company. Shaolin Capital Management LLC grew its holdings in AI Transportation Acquisition by 0.4% during the 3rd quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock valued at $2,681,000 after buying an additional 1,042 shares during the last quarter. Berkley W R Corp acquired a new stake in shares of AI Transportation Acquisition during the third quarter worth $1,080,000. Westchester Capital Management LLC acquired a new stake in shares of AI Transportation Acquisition during the third quarter worth $1,860,000. Finally, Wolverine Asset Management LLC boosted its holdings 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 worth $3,801,000 after purchasing an additional 126,322 shares during the last quarter. 81.89% of the stock is owned by hedge funds and other institutional investors.

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.