Short Interest in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Decreases By 49.2%

by · The Cerbat Gem

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,925 shares, a decrease of 49.2% from the July 30th total of 13,622 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 22,058 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Axiom Intelligence Acquisition Corp 1 in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Axiom Intelligence Acquisition Corp 1 presently has a consensus rating of “Sell”.

Get Our Latest Research Report on Axiom Intelligence Acquisition Corp 1

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Westchester Capital Management LLC lifted its position in Axiom Intelligence Acquisition Corp 1 by 35.0% during the 4th quarter. Westchester Capital Management LLC now owns 675,000 shares of the company’s stock valued at $6,797,000 after purchasing an additional 175,000 shares during the period. Radcliffe Capital Management L.P. grew its position in shares of Axiom Intelligence Acquisition Corp 1 by 16.4% during the 4th quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock worth $5,531,000 after buying an additional 77,571 shares during the period. Meteora Capital LLC grew its position in shares of Axiom Intelligence Acquisition Corp 1 by 59.9% during the 4th quarter. Meteora Capital LLC now owns 538,336 shares of the company’s stock worth $5,416,000 after buying an additional 201,753 shares during the period. Millennium Management LLC raised its stake in shares of Axiom Intelligence Acquisition Corp 1 by 94.2% during the fourth quarter. Millennium Management LLC now owns 513,750 shares of the company’s stock worth $5,168,000 after buying an additional 249,250 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter worth approximately $5,035,000.

Axiom Intelligence Acquisition Corp 1 Stock Up 0.1%

AXIN stock traded up $0.01 during midday trading on Friday, hitting $10.33. The stock had a trading volume of 69,786 shares, compared to its average volume of 30,498. Axiom Intelligence Acquisition Corp 1 has a 52 week low of $9.95 and a 52 week high of $10.45. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.24.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.

Axiom Intelligence Acquisition Corp 1 Company Profile

(Get Free Report)

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.

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