AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Update

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,100 shares, a growth of 37.5% from the January 15th total of 800 shares. Based on an average trading volume of 11,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

AI Transportation Acquisition Price Performance

NASDAQ AITR opened at $10.87 on Friday. AI Transportation Acquisition has a twelve month low of $10.22 and a twelve month high of $10.95. The company’s 50-day simple moving average is $10.78 and its 200 day simple moving average is $10.60.

Institutional Investors Weigh In On AI Transportation Acquisition

A number of institutional investors have recently added to or reduced their stakes in AITR. Mizuho Securities USA LLC lifted its position in shares of AI Transportation Acquisition by 142.4% during the 4th quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock worth $5,955,000 after buying an additional 326,883 shares during the period. Wolverine Asset Management LLC raised its stake in AI Transportation Acquisition by 15.9% during the fourth quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock worth $4,518,000 after acquiring an additional 57,631 shares in the last quarter. Shaolin Capital Management LLC lifted its holdings in shares of AI Transportation Acquisition by 0.4% during the third quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock valued at $2,681,000 after acquiring an additional 1,042 shares during the period. Berkley W R Corp boosted its stake in shares of AI Transportation Acquisition by 91.1% in the 4th quarter. Berkley W R Corp now owns 196,891 shares of the company’s stock valued at $2,117,000 after purchasing an additional 93,864 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new stake in shares of AI Transportation Acquisition in the 3rd quarter valued at $1,860,000. 81.89% of the stock is owned by institutional investors and hedge funds.

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.