AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Large Increase in Short Interest

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

AI Transportation Acquisition Stock Performance

AITR stock opened at $10.87 on Friday. The company has a 50-day moving average of $10.78 and a two-hundred day moving average of $10.60. AI Transportation Acquisition has a 52-week low of $10.22 and a 52-week high of $10.95.

Institutional Trading of AI Transportation Acquisition

Several hedge funds have recently added to or reduced their stakes in AITR. Berkley W R Corp increased its position in AI Transportation Acquisition by 91.1% in the 4th quarter. Berkley W R Corp now owns 196,891 shares of the company’s stock worth $2,117,000 after buying an additional 93,864 shares during the period. Spartan Fund Management Inc. acquired a new stake in shares of AI Transportation Acquisition in the fourth quarter worth $504,000. Yakira Capital Management Inc. bought a new position in AI Transportation Acquisition during the fourth quarter worth $376,000. Mizuho Securities USA LLC raised its stake in AI Transportation Acquisition by 142.4% during the 4th quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock valued at $5,955,000 after purchasing an additional 326,883 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in AI Transportation Acquisition by 15.9% in the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock valued at $4,518,000 after purchasing an additional 57,631 shares during the period. Institutional investors own 81.89% of the company’s stock.

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.