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

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the November 30th total of 1,500 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is currently 0.0 days.

AI Transportation Acquisition Price Performance

AI Transportation Acquisition stock traded down $0.03 during midday trading on Thursday, reaching $10.71. 1,006 shares of the stock traded hands, compared to its average volume of 41,160. The stock’s fifty day moving average is $10.62 and its 200-day moving average is $10.49. AI Transportation Acquisition has a 12 month low of $10.11 and a 12 month high of $10.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AITR. Wolverine Asset Management LLC raised its stake in AI Transportation Acquisition by 53.4% during the third 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. Shaolin Capital Management LLC bought a new stake in shares of AI Transportation Acquisition in the 2nd quarter worth about $2,637,000. Berkley W R Corp purchased a new stake in shares of AI Transportation Acquisition during the 3rd quarter valued at about $1,080,000. Cowen AND Company LLC lifted its holdings 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 acquiring an additional 120,000 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new position in AI Transportation Acquisition in the third quarter worth about $1,860,000. 81.89% of the stock is currently owned by institutional investors.

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.