AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,800 shares, a growth of 33.3% from the August 15th total of 2,100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 16,100 shares, the days-to-cover ratio is presently 0.2 days.
AI Transportation Acquisition Stock Performance
Shares of NASDAQ:AITR opened at $10.48 on Friday. AI Transportation Acquisition has a 1 year low of $10.11 and a 1 year high of $10.48. The business has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $10.35.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Whitebox Advisors LLC bought a new stake in shares of AI Transportation Acquisition in the 1st quarter valued at approximately $206,000. Virtu Financial LLC bought a new stake in AI Transportation Acquisition in the first quarter worth approximately $379,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of AI Transportation Acquisition during the 1st quarter worth $1,027,000. Periscope Capital Inc. bought a new position in shares of AI Transportation Acquisition during the 1st quarter valued at $1,028,000. Finally, Gabelli Funds LLC acquired a new stake in shares of AI Transportation Acquisition in the 1st quarter valued at $1,029,000. 81.89% of the stock is owned by institutional investors and hedge funds.
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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