AIB Acquisition Co. (NASDAQ:AIB – Get Rating) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,400 shares, an increase of 10.4% from the October 15th total of 6,700 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are sold short.
AIB Acquisition Stock Performance
Shares of NASDAQ:AIB opened at $10.14 on Tuesday. The business has a 50 day moving average price of $10.08 and a 200 day moving average price of $10.00. AIB Acquisition has a twelve month low of $9.77 and a twelve month high of $10.54.
Institutional Trading of AIB Acquisition
Several hedge funds have recently added to or reduced their stakes in AIB. Glazer Capital LLC lifted its position in shares of AIB Acquisition by 16.0% in the 3rd quarter. Glazer Capital LLC now owns 808,633 shares of the company’s stock worth $8,119,000 after acquiring an additional 111,628 shares during the period. Saba Capital Management L.P. bought a new stake in shares of AIB Acquisition in the 1st quarter worth approximately $7,861,000. Hudson Bay Capital Management LP bought a new stake in shares of AIB Acquisition in the 2nd quarter worth approximately $6,461,000. Karpus Management Inc. lifted its position in shares of AIB Acquisition by 349.7% in the 2nd quarter. Karpus Management Inc. now owns 427,125 shares of the company’s stock worth $4,241,000 after acquiring an additional 332,150 shares during the period. Finally, Shaolin Capital Management LLC lifted its position in shares of AIB Acquisition by 21.6% in the 3rd quarter. Shaolin Capital Management LLC now owns 389,170 shares of the company’s stock worth $3,911,000 after acquiring an additional 69,170 shares during the period. Institutional investors own 59.61% of the company’s stock.
AIB Acquisition Company Profile
AIB Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the fintech industries. The company was incorporated in 2021 and is based in New York, New York.
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