AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Up 41.3% in October

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 6,500 shares, an increase of 41.3% from the September 30th total of 4,600 shares. Based on an average trading volume of 25,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On AI Transportation Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AITR. Periscope Capital Inc. purchased a new stake in shares of AI Transportation Acquisition in the 1st quarter valued at approximately $1,028,000. Karpus Management Inc. acquired a new position in AI Transportation Acquisition in the first quarter valued at approximately $10,235,000. Gabelli Funds LLC purchased a new position in AI Transportation Acquisition in the first quarter worth approximately $1,029,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in AI Transportation Acquisition during the first quarter worth $1,027,000. Finally, Whitebox Advisors LLC purchased a new stake in AI Transportation Acquisition in the first quarter valued at $206,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Performance

AITR stock opened at $10.56 on Monday. The firm has a 50-day moving average of $10.49 and a two-hundred day moving average of $10.40. AI Transportation Acquisition has a 12 month low of $10.11 and a 12 month high of $10.57.

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.