Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Sees Significant Growth in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,800 shares, a growth of 7,999.2% from the May 14th total of 121 shares. Based on an average daily trading volume, of 726,363 shares, the days-to-cover ratio is currently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Stock Up 5.5%

AXINR traded up $0.02 during midday trading on Tuesday, reaching $0.42. The company’s stock had a trading volume of 1,634 shares, compared to its average volume of 175,586. The firm has a fifty day simple moving average of $0.23. Axiom Intelligence Acquisition Corp 1 has a twelve month low of $0.11 and a twelve month high of $0.48.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank-check company, its primary purpose is to identify, evaluate and complete a merger, capital stock exchange, asset acquisition or similar business combination with an operating company that becomes the combined entity following a successful transaction.

While publicly traded, the company’s principal activities typically include sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and maintaining the proceeds of its offering in a trust account pending completion of a qualifying business combination.