AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Up 64.3% in September

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,600 shares, a growth of 64.3% from the August 31st total of 2,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 12,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On AI Transportation Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of AITR. Whitebox Advisors LLC purchased a new stake in shares of AI Transportation Acquisition in the 1st quarter valued at about $206,000. Virtu Financial LLC purchased a new stake in shares of AI Transportation Acquisition in the 1st quarter valued at $379,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of AI Transportation Acquisition during the first quarter valued at about $1,027,000. Periscope Capital Inc. purchased a new stake in AI Transportation Acquisition during the 1st quarter valued at about $1,028,000. Finally, Gabelli Funds LLC bought a new stake in AI Transportation Acquisition during the 1st quarter valued at $1,029,000. 81.89% of the stock is currently owned by institutional investors.

AI Transportation Acquisition Stock Performance

NASDAQ:AITR opened at $10.48 on Friday. The business’s fifty day moving average is $10.43 and its 200 day moving average is $10.36. AI Transportation Acquisition has a 52-week low of $10.11 and a 52-week high of $10.49.

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.