Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Stock Short Interest Drops 85.7%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 20 shares, a decrease of 85.7% from the September 15th total of 140 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 117,140 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Axiom Intelligence Acquisition Corp 1

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC bought a new stake in Axiom Intelligence Acquisition Corp 1 during the 2nd quarter worth $2,068,000. Sona Asset Management US LLC acquired a new position in Axiom Intelligence Acquisition Corp 1 in the 1st quarter valued at approximately $4,555,000. Finally, Radcliffe Capital Management L.P. increased its holdings in Axiom Intelligence Acquisition Corp 1 by 16.4% in the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock valued at $5,531,000 after purchasing an additional 77,571 shares during the period.

Axiom Intelligence Acquisition Corp 1 Trading Up 0.0%

Shares of AXIN stock opened at $10.36 on Friday. The stock has a 50 day simple moving average of $10.32 and a 200 day simple moving average of $10.28. Axiom Intelligence Acquisition Corp 1 has a 1 year low of $9.99 and a 1 year high of $10.45.

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

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company, or SPAC, formed to pursue a business combination with one or more private companies.

Rather than operating a traditional business, the company’s activities center on identifying a suitable merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. Its target industry and the identity of a potential business combination partner have not been established in the available information.

Because Axiom Intelligence Acquisition Corp 1 is in the acquisition phase, it does not currently offer products or services to customers.