AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 700 shares, a drop of 22.2% from the February 13th total of 900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Yakira Capital Management Inc. purchased a new position in shares of AI Transportation Acquisition in the fourth quarter worth about $376,000. Spartan Fund Management Inc. purchased a new position in shares of AI Transportation Acquisition in the fourth quarter worth about $504,000. Berkley W R Corp purchased a new position in shares of AI Transportation Acquisition in the third quarter worth about $1,080,000. Toronto Dominion Bank purchased a new position in shares of AI Transportation Acquisition in the fourth quarter worth about $1,604,000. Finally, Westchester Capital Management LLC purchased a new position in shares of AI Transportation Acquisition in the third quarter worth about $1,860,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.
AI Transportation Acquisition Stock Performance
Shares of NASDAQ:AITR opened at $10.96 on Tuesday. AI Transportation Acquisition has a 52-week low of $10.27 and a 52-week high of $10.96. The business has a 50-day moving average price of $10.87 and a 200-day moving average price of $10.68.
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.
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