Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Up 1,555.0% in May
by Doug Wharley · The Cerbat GemAxiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 13,455 shares, an increase of 1,555.0% from the May 14th total of 813 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 371,306 shares, the days-to-cover ratio is presently 0.0 days.
Axiom Intelligence Acquisition Corp 1 Stock Performance
Shares of AXIN stock traded down $0.06 during trading hours on Tuesday, reaching $10.36. The company’s stock had a trading volume of 19,689 shares, compared to its average volume of 302,823. Axiom Intelligence Acquisition Corp 1 has a one year low of $9.93 and a one year high of $10.45. The business’s fifty day moving average is $10.22.
Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Axiom Intelligence Acquisition Corp 1 from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Analysis on AXIN
Institutional Investors Weigh In On Axiom Intelligence Acquisition Corp 1
Hedge funds have recently made changes to their positions in the company. ABC Arbitrage SA bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $352,000. Heights Capital Management Inc. bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $504,000. Tudor Investment Corp ET AL bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $1,018,000. Readystate Asset Management LP bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $1,762,000. Finally, Fort Baker Capital Management LP bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $3,018,000.
About Axiom Intelligence Acquisition Corp 1
Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.
Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.