Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Stock Short Interest Drops 83.5%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 140 shares, a decrease of 83.5% from the August 31st total of 846 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 65,822 shares, the days-to-cover ratio is currently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Stock Down 0.1%

Shares of NASDAQ AXIN opened at $10.34 on Friday. Axiom Intelligence Acquisition Corp 1 has a 1-year low of $9.95 and a 1-year high of $10.45. The business’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $10.27.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AXIN. SkyView Investment Advisors LLC bought a new position in Axiom Intelligence Acquisition Corp 1 in the 2nd quarter worth about $2,068,000. Periscope Capital Inc. increased its stake in shares of Axiom Intelligence Acquisition Corp 1 by 3.0% in the fourth quarter. Periscope Capital Inc. now owns 386,200 shares of the company’s stock valued at $3,885,000 after purchasing an additional 11,200 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the first quarter valued at approximately $4,555,000. Finally, Radcliffe Capital Management L.P. boosted its position in shares of Axiom Intelligence Acquisition Corp 1 by 16.4% during the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock worth $5,531,000 after buying an additional 77,571 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Axiom Intelligence Acquisition Corp 1 has an average rating of “Sell”.

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol AXIN. The company was formed to raise capital through a public offering and pursue a business combination with an existing private company.

Unlike an operating business, Axiom Intelligence Acquisition Corp 1 does not currently manufacture products or provide commercial services. Its activities are focused on identifying a suitable target, conducting due diligence and negotiating a merger, acquisition or similar transaction.