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

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 1,500 shares, an increase of 7.1% from the May 31st total of 1,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On AI Transportation Acquisition

Institutional investors have recently bought and sold shares of the company. Whitebox Advisors LLC acquired a new stake in shares of AI Transportation Acquisition in the first quarter valued at approximately $206,000. Virtu Financial LLC bought a new position in AI Transportation Acquisition in the first quarter valued at $379,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in AI Transportation Acquisition in the 1st quarter valued at $1,027,000. Periscope Capital Inc. bought a new stake in AI Transportation Acquisition during the 1st quarter worth about $1,028,000. Finally, Gabelli Funds LLC acquired a new position in shares of AI Transportation Acquisition during the 1st quarter worth about $1,029,000. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Performance

Shares of AI Transportation Acquisition stock opened at $10.35 on Thursday. The firm has a 50-day moving average price of $10.34. AI Transportation Acquisition has a one year low of $10.11 and a one year high of $10.37.

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.