AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 18.2% in February

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 900 shares, a decrease of 18.2% from the January 31st total of 1,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 10,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AITR. Wolverine Asset Management LLC grew its stake in AI Transportation Acquisition by 53.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock worth $3,801,000 after buying an additional 126,322 shares during the last quarter. Westchester Capital Management LLC bought a new position in shares of AI Transportation Acquisition in the third quarter worth $1,860,000. Berkley W R Corp bought a new position in shares of AI Transportation Acquisition in the third quarter worth $1,080,000. Shaolin Capital Management LLC grew its stake in shares of AI Transportation Acquisition by 0.4% in the third quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock worth $2,681,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of AI Transportation Acquisition by 142.4% in the fourth quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock worth $5,955,000 after purchasing an additional 326,883 shares in the last quarter. 81.89% of the stock is currently owned by institutional investors.

AI Transportation Acquisition Stock Performance

Shares of AITR opened at $10.96 on Friday. The stock has a fifty day moving average price of $10.84 and a 200 day moving average price of $10.65. AI Transportation Acquisition has a 12 month low of $10.26 and a 12 month high of $10.96.

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.