AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,800 shares, an increase of 33.3% from the August 15th total of 2,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 16,100 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On AI Transportation Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in the business. Whitebox Advisors LLC bought a new position in shares of AI Transportation Acquisition during the 1st quarter worth approximately $206,000. Virtu Financial LLC bought a new position in AI Transportation Acquisition during the first quarter worth $379,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in AI Transportation Acquisition in the first quarter worth $1,027,000. Periscope Capital Inc. bought a new stake in AI Transportation Acquisition in the first quarter valued at $1,028,000. Finally, Gabelli Funds LLC acquired a new position in shares of AI Transportation Acquisition during the first quarter valued at 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 $10.48 on Monday. The business has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $10.35. AI Transportation Acquisition has a 1-year low of $10.11 and a 1-year high of $10.48.
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.
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