AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Up 37.5% in January

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,100 shares, a growth of 37.5% from the January 15th total of 800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is currently 0.1 days.

AI Transportation Acquisition Stock Up 0.4 %

Shares of AITR stock opened at $10.87 on Friday. AI Transportation Acquisition has a 1 year low of $10.22 and a 1 year high of $10.95. The firm’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $10.61.

Hedge Funds Weigh In On AI Transportation Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. Yakira Capital Management Inc. bought a new stake in AI Transportation Acquisition in the 4th quarter valued at $376,000. Spartan Fund Management Inc. acquired a new position in AI Transportation Acquisition during the 4th quarter worth about $504,000. Berkley W R Corp acquired a new position in AI Transportation Acquisition during the 3rd quarter worth about $1,080,000. Westchester Capital Management LLC acquired a new position in AI Transportation Acquisition during the 3rd quarter valued at about $1,860,000. Finally, Shaolin Capital Management LLC lifted its position in AI Transportation Acquisition by 0.4% during the 3rd quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock valued at $2,681,000 after purchasing an additional 1,042 shares during the period. Institutional investors own 81.89% of the company’s stock.

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.