AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 22.2% in February

AI Transportation Acquisition Corp (NASDAQ:AITR) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 700 shares, a decline of 22.2% from the February 13th total of 900 shares. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AI Transportation Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Mizuho Securities USA LLC boosted its holdings in shares of AI Transportation Acquisition by 142.4% during the 4th quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock worth $5,955,000 after buying an additional 326,883 shares during the period. Westchester Capital Management LLC bought a new stake in shares of AI Transportation Acquisition during the third quarter worth approximately $1,860,000. Toronto Dominion Bank acquired a new position in shares of AI Transportation Acquisition in the fourth quarter valued at approximately $1,604,000. Berkley W R Corp acquired a new position in shares of AI Transportation Acquisition in the third quarter valued at approximately $1,080,000. Finally, Wolverine Asset Management LLC increased its stake in shares of AI Transportation Acquisition by 15.9% during the fourth quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock worth $4,518,000 after purchasing an additional 57,631 shares during the period. 81.89% of the stock is currently owned by institutional investors and hedge funds.

AI Transportation Acquisition Stock Performance

AITR opened at $10.97 on Monday. The stock’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $10.68. AI Transportation Acquisition has a 1-year low of $10.27 and a 1-year 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.