Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Sees Significant Drop in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 846 shares, a decrease of 87.8% from the August 15th total of 6,925 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,376 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Several hedge funds have recently made changes to their positions in AXIN. ABC Arbitrage SA acquired a new position in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter valued at $352,000. Heights Capital Management Inc. purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at about $504,000. Tudor Investment Corp ET AL acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter worth about $1,018,000. Readystate Asset Management LP acquired a new stake in Axiom Intelligence Acquisition Corp 1 during the 4th quarter worth approximately $1,762,000. Finally, Fort Baker Capital Management LP purchased a new position in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter valued at approximately $3,018,000.

Axiom Intelligence Acquisition Corp 1 Price Performance

Shares of Axiom Intelligence Acquisition Corp 1 stock traded up $0.01 on Friday, reaching $10.34. The company had a trading volume of 18,273 shares, compared to its average volume of 31,481. The firm’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $10.25. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $9.95 and a 52-week high of $10.45.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.