Short Interest in AI Transportation Acquisition Corp (NASDAQ:AITR) Increases By 100.0%

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 0.0 days.

AI Transportation Acquisition Trading Up 0.2 %

NASDAQ:AITR opened at $10.86 on Thursday. The company’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.56. AI Transportation Acquisition has a 1-year low of $10.20 and a 1-year high of $10.95.

Institutional Trading of AI Transportation Acquisition

Institutional investors have recently made changes to their positions in the company. Berkley W R Corp acquired a new position in AI Transportation Acquisition during the third quarter worth $1,080,000. Westchester Capital Management LLC acquired a new stake in AI Transportation Acquisition in the third quarter valued at approximately $1,860,000. Shaolin Capital Management LLC lifted its stake in AI Transportation Acquisition by 0.4% in the third quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock worth $2,681,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in AI Transportation Acquisition by 53.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 362,670 shares of the company’s stock worth $3,801,000 after acquiring an additional 126,322 shares in the last quarter. Hedge funds and other institutional investors own 81.89% of the company’s stock.

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.