Short Interest in AI Transportation Acquisition Corp (NASDAQ:AITR) Increases By 100.0%

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

AI Transportation Acquisition Trading Up 0.4 %

Shares of AITR stock opened at $10.88 on Friday. The stock’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $10.56. AI Transportation Acquisition has a 1-year low of $10.20 and a 1-year high of $10.95.

Hedge Funds Weigh In On AI Transportation Acquisition

A number of large investors have recently made changes to their positions in AITR. Berkley W R Corp acquired a new stake in shares of AI Transportation Acquisition during the third quarter worth approximately $1,080,000. Westchester Capital Management LLC purchased a new stake in AI Transportation Acquisition in the 3rd quarter worth approximately $1,860,000. Shaolin Capital Management LLC boosted its stake in shares of 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 period. Finally, Wolverine Asset Management LLC grew its holdings in shares of AI Transportation Acquisition by 53.4% during the 3rd 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. Institutional investors and hedge funds own 81.89% of the company’s stock.

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.