AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 41.5% in October

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 3,800 shares, a decrease of 41.5% from the October 15th total of 6,500 shares. Based on an average daily volume of 37,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On AI Transportation Acquisition

Several institutional investors and hedge funds have recently modified their holdings of AITR. Whitebox Advisors LLC acquired a new stake in AI Transportation Acquisition during the 1st quarter worth approximately $206,000. Virtu Financial LLC acquired a new stake in shares of AI Transportation Acquisition during the first quarter worth $379,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in AI Transportation Acquisition in the 1st quarter valued at $1,027,000. Periscope Capital Inc. acquired a new position in AI Transportation Acquisition in the 1st quarter worth $1,028,000. Finally, Gabelli Funds LLC acquired a new position in AI Transportation Acquisition in the 1st quarter worth $1,029,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.

AI Transportation Acquisition Price Performance

NASDAQ:AITR opened at $10.54 on Thursday. AI Transportation Acquisition has a 1 year low of $10.11 and a 1 year high of $10.59. The stock has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $10.42.

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.