AI Transportation Acquisition Corp (NASDAQ:AITRR) Sees Large Decline in Short Interest

AI Transportation Acquisition Corp (NASDAQ:AITRR) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decline of 10.0% from the March 15th total of 2,000 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is presently 0.1 days.

AI Transportation Acquisition Stock Performance

AI Transportation Acquisition stock opened at $0.16 on Wednesday. The company’s 50-day moving average price is $0.16. AI Transportation Acquisition has a fifty-two week low of $0.13 and a fifty-two week high of $0.48.

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.