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

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

AI Transportation Acquisition Trading Down 0.3 %

Shares of AITR traded down $0.03 during mid-day trading on Thursday, reaching $10.71. 1,006 shares of the company’s stock traded hands, compared to its average volume of 41,160. The stock’s 50-day moving average is $10.62 and its two-hundred day moving average is $10.49. AI Transportation Acquisition has a 12 month low of $10.11 and a 12 month high of $10.75.

Hedge Funds Weigh In On AI Transportation Acquisition

Hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC lifted its position 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 worth $3,801,000 after purchasing an additional 126,322 shares during the last quarter. Shaolin Capital Management LLC bought a new stake in AI Transportation Acquisition during the 2nd quarter valued at about $2,637,000. Berkley W R Corp purchased a new stake in AI Transportation Acquisition in the 3rd quarter valued at about $1,080,000. Cowen AND Company LLC grew its stake 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 acquiring an additional 120,000 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of AI Transportation Acquisition during the third quarter worth approximately $1,860,000. Institutional investors 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.