AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 200 shares, an increase of 100.0% from the December 15th total of 100 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of AI Transportation Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Berkley W R Corp bought a new position in shares of AI Transportation Acquisition in the 3rd quarter valued at $1,080,000. Westchester Capital Management LLC acquired a new position in AI Transportation Acquisition in the 3rd quarter worth about $1,860,000. Shaolin Capital Management LLC bought a new position in AI Transportation Acquisition in the second quarter valued at about $2,637,000. Finally, Wolverine Asset Management LLC boosted its stake 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 valued at $3,801,000 after purchasing an additional 126,322 shares in the last quarter. Institutional investors own 81.89% of the company’s stock.
AI Transportation Acquisition Stock Up 0.3 %
Shares of AI Transportation Acquisition stock opened at $10.78 on Wednesday. The firm’s 50 day moving average is $10.67 and its 200 day moving average is $10.53. AI Transportation Acquisition has a 1 year low of $10.19 and a 1 year high of $10.80.
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.
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