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

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 33,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On AI Transportation Acquisition

Several hedge funds have recently made changes to their positions in AITR. Virtu Financial LLC purchased a new position in shares of AI Transportation Acquisition during the first quarter valued at about $379,000. Berkley W R Corp purchased a new position in AI Transportation Acquisition during the 3rd quarter valued at about $1,080,000. Westchester Capital Management LLC purchased a new stake in AI Transportation Acquisition in the third quarter worth about $1,860,000. Cowen AND Company LLC lifted its holdings in shares of 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 during the last quarter. Finally, Shaolin Capital Management LLC bought a new stake in shares of AI Transportation Acquisition in the 2nd quarter worth approximately $2,637,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

AI Transportation Acquisition Trading Up 0.3 %

NASDAQ:AITR opened at $10.63 on Friday. AI Transportation Acquisition has a 52 week low of $10.11 and a 52 week high of $10.63. The company has a fifty day moving average of $10.54 and a 200 day moving average of $10.44.

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.