AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 57.9% in November

AI Transportation Acquisition Corp (NASDAQ:AITR) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 1,600 shares, a decline of 57.9% from the October 31st total of 3,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 0.0 days.

AI Transportation Acquisition Stock Performance

AI Transportation Acquisition stock opened at $10.66 on Friday. AI Transportation Acquisition has a 12 month low of $10.11 and a 12 month high of $10.66. The business has a 50 day simple moving average of $10.55 and a 200-day simple moving average of $10.44.

Institutional Trading of AI Transportation Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of AI Transportation Acquisition during the first quarter worth approximately $379,000. Berkley W R Corp purchased a new stake in shares of AI Transportation Acquisition during the third quarter worth approximately $1,080,000. Westchester Capital Management LLC purchased a new stake in shares of AI Transportation Acquisition during the third quarter worth approximately $1,860,000. Cowen AND Company LLC increased its position in shares of AI Transportation Acquisition by 90.4% during the second quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock worth $2,616,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Shaolin Capital Management LLC purchased a new stake in shares of AI Transportation Acquisition during the second quarter worth approximately $2,637,000. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

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.