Short Interest in AI Transportation Acquisition Corp (NASDAQ:AITR) Drops By 22.2%

AI Transportation Acquisition Corp (NASDAQ:AITR) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 700 shares, a decrease of 22.2% from the February 13th total of 900 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

AI Transportation Acquisition Stock Performance

Shares of NASDAQ AITR opened at $10.96 on Wednesday. AI Transportation Acquisition has a twelve month low of $10.27 and a twelve month high of $10.96. The company has a 50 day moving average of $10.87 and a 200 day moving average of $10.69.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AITR. Yakira Capital Management Inc. bought a new stake in AI Transportation Acquisition in the 4th quarter worth about $376,000. Spartan Fund Management Inc. bought a new stake in shares of AI Transportation Acquisition in the fourth quarter worth approximately $504,000. Berkley W R Corp purchased a new position in shares of AI Transportation Acquisition during the third quarter valued at approximately $1,080,000. Toronto Dominion Bank bought a new position in AI Transportation Acquisition during the fourth quarter valued at approximately $1,604,000. Finally, Westchester Capital Management LLC purchased a new stake in AI Transportation Acquisition in the third quarter worth approximately $1,860,000. 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.