AI Transportation Acquisition Corp (NASDAQ:AITR) Short Interest Down 18.2% in February

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 900 shares, a decrease of 18.2% from the January 31st total of 1,100 shares. Based on an average trading volume of 10,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

AI Transportation Acquisition Stock Up 0.2 %

Shares of AITR opened at $10.96 on Friday. The business’s 50 day moving average is $10.84 and its two-hundred day moving average is $10.65. AI Transportation Acquisition has a 52-week low of $10.26 and a 52-week high of $10.96.

Hedge Funds Weigh In On AI Transportation Acquisition

Institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its position in shares of AI Transportation Acquisition by 15.9% in the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock valued at $4,518,000 after purchasing an additional 57,631 shares in the last quarter. Berkley W R Corp acquired a new position in shares of AI Transportation Acquisition in the 3rd quarter valued at approximately $1,080,000. Shaolin Capital Management LLC raised its position in shares of AI Transportation Acquisition by 0.4% in the 3rd quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock valued at $2,681,000 after purchasing an additional 1,042 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in shares of AI Transportation Acquisition during the 3rd quarter valued at approximately $1,860,000. Finally, Toronto Dominion Bank acquired a new stake in shares of AI Transportation Acquisition during the 4th quarter valued at approximately $1,604,000. 81.89% of the stock is owned by institutional investors and hedge funds.

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.