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

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 100 shares, a drop of 93.3% from the November 30th total of 1,500 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On AI Transportation Acquisition

Several large investors have recently bought and sold shares of the stock. Shaolin Capital Management LLC raised its holdings 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 purchasing an additional 1,042 shares during the last quarter. Berkley W R Corp bought a new stake in AI Transportation Acquisition in the 3rd quarter worth about $1,080,000. Cowen AND Company LLC grew its position in AI Transportation Acquisition by 90.4% in the 2nd quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock worth $2,616,000 after purchasing an additional 120,000 shares in the last quarter. Wolverine Asset Management LLC increased its stake in AI Transportation Acquisition by 53.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock valued at $3,801,000 after buying an additional 126,322 shares during the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of AI Transportation Acquisition during the 3rd quarter worth approximately $1,860,000. 81.89% of the stock is currently owned by institutional investors.

AI Transportation Acquisition Stock Performance

AITR stock opened at $10.75 on Friday. AI Transportation Acquisition has a twelve month low of $10.11 and a twelve month high of $10.75. The stock’s 50 day moving average is $10.62 and its 200-day moving average is $10.49.

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.