Short Interest in AI Transportation Acquisition Corp (NASDAQ:AITR) Declines By 57.9%

Posted by Linda Flegge on Nov 29th, 2024

AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a decrease of 57.9% from the October 31st total of 3,800 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of AI Transportation Acquisition

Several large investors have recently added to or reduced their stakes in AITR. Virtu Financial LLC bought a new position in AI Transportation Acquisition in the 1st quarter worth $379,000. Berkley W R Corp purchased a new stake in AI Transportation Acquisition in the 3rd quarter worth approximately $1,080,000. Westchester Capital Management LLC purchased a new stake in AI Transportation Acquisition in the 3rd quarter worth approximately $1,860,000. Cowen AND Company LLC lifted its holdings in AI Transportation Acquisition by 90.4% during the second quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock valued at $2,616,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Shaolin Capital Management LLC purchased a new position in AI Transportation Acquisition during the second quarter valued at approximately $2,637,000. 81.89% of the stock is currently owned by institutional investors.

AI Transportation Acquisition Stock Up 0.3 %

Shares of AITR opened at $10.63 on Friday. AI Transportation Acquisition has a one year low of $10.11 and a one year high of $10.63. The business has a fifty day moving average of $10.54 and a 200 day moving average of $10.44.

AI Transportation Acquisition Company Profile

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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.