Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) Sees Large Growth in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,041 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 8,074 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Axiom Intelligence Acquisition Corp 1

A hedge fund recently raised its stake in Axiom Intelligence Acquisition Corp 1 stock. OMERS ADMINISTRATION Corp boosted its position in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,484 shares of the company’s stock after purchasing an additional 16,081 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Axiom Intelligence Acquisition Corp 1 were worth $1,989,000 at the end of the most recent reporting period.

Axiom Intelligence Acquisition Corp 1 Stock Up 0.4%

AXINU opened at $10.96 on Friday. The firm has a fifty day moving average price of $10.49. Axiom Intelligence Acquisition Corp 1 has a 1 year low of $9.51 and a 1 year high of $11.75.

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINU) is a special purpose acquisition company (SPAC) listed on the Nasdaq that was formed to raise capital through an initial public offering for the purpose of effecting a merger, amalgamation, or other business combination with one or more operating companies. As a blank‑check vehicle, the company itself does not produce goods or services; its principal business activity is to identify, negotiate and complete a qualifying business combination that will result in a publicly traded operating company.

Like other SPACs, Axiom Intelligence Acquisition Corp 1 holds the proceeds of its IPO in a trust account while it evaluates potential targets.