AI Transportation Acquisition Corp (NASDAQ:AITR) Sees Significant Decline in Short Interest

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

Hedge Funds Weigh In On AI Transportation Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. Shaolin Capital Management LLC acquired a new stake in AI Transportation Acquisition in the second quarter valued at about $2,637,000. Westchester Capital Management LLC bought a new position in shares of AI Transportation Acquisition in the third quarter worth about $1,860,000. Wolverine Asset Management LLC boosted its stake in shares of AI Transportation Acquisition by 53.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock valued at $3,801,000 after purchasing an additional 126,322 shares in the last quarter. Cowen AND Company LLC boosted its stake in shares of AI Transportation Acquisition by 90.4% in the 2nd 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, Berkley W R Corp bought a new stake in shares of AI Transportation Acquisition during the 3rd quarter valued at approximately $1,080,000. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Performance

Shares of AITR opened at $10.63 on Thursday. The firm has a 50 day simple moving average of $10.54 and a two-hundred day simple moving average of $10.44. AI Transportation Acquisition has a one year low of $10.11 and a one year high of $10.63.

AI Transportation Acquisition Company Profile

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.