AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 22.2% in February

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 700 shares, a decrease of 22.2% from the February 13th total of 900 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On AI Transportation Acquisition

Several hedge funds have recently modified their holdings of AITR. Mizuho Securities USA LLC boosted its position in AI Transportation Acquisition by 142.4% during the fourth quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock valued at $5,955,000 after purchasing an additional 326,883 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of AI Transportation Acquisition by 15.9% in the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock valued at $4,518,000 after buying an additional 57,631 shares during the last quarter. Shaolin Capital Management LLC grew its stake in shares of AI Transportation Acquisition by 0.4% in the third 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 in the last quarter. Berkley W R Corp increased its holdings in AI Transportation Acquisition by 91.1% during the fourth quarter. Berkley W R Corp now owns 196,891 shares of the company’s stock worth $2,117,000 after buying an additional 93,864 shares during the last quarter. Finally, Westchester Capital Management LLC bought a new stake in AI Transportation Acquisition during the third quarter worth $1,860,000. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Up 0.3 %

AI Transportation Acquisition stock opened at $10.97 on Monday. The company has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $10.68. AI Transportation Acquisition has a 1-year low of $10.27 and a 1-year high of $10.96.

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.