AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Update

AI Transportation Acquisition Corp (NASDAQ:AITR – Get Free Report) was the target of a significant increase in short interest in June. As of June 30, short interest totaled 1,700 shares, up 13.3% from June 15, when the short interest was 1,500. About 0.0% of the company’s shares are being sold short. Based on an average trading volume of 10,400 shares, the days to cover ratio currently stands at 0.2 days.

Institutional investors assess AI-powered transportation takeover

Several hedge funds recently changed their positions in AITR. Karpus Management Inc. bought a new position in shares of AI Transportation Acquisition in the first quarter valued at $10,235,000. Gabelli Funds LLC bought a new position in AI Transportation Acquisition in the first quarter valued at approximately $1,029,000. Periscope Capital Inc. bought a new stake in shares of AI Transportation Acquisition in the first quarter valued at approximately $1,028,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of AI Transportation Acquisition in the first quarter valued at approximately $1,027,000. Finally, Virtu Financial LLC bought a new position in shares of AI Transportation Acquisition in the first quarter valued at approximately $379,000. 81.89% of the stock is currently held by hedge funds and other institutional investors.

AI Transportation Acquisition shares up 0.1%

Shares of AI Transportation Acquisition opened at $10.37 on Monday. The company’s 50-day moving average is $10.35. AI Transportation Acquisition has a 52-week low of $10.11 and a 52-week high of $10.37.

About AI Transportation Acquisition

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AI Transportation Acquisition Corp. has no significant operations. The company focuses on pursuing a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more companies or entities. It intends to focus on companies in the transportation industry, including logistics, new energy vehicles, intelligent parking, AI integrated circuits and algorithms, automotive services, and related areas of intelligent transportation.

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