Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Up 1,555.0% in May

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a large increase in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 371,306 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westchester Capital Management LLC grew 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 worth $6,797,000 after acquiring an additional 175,000 shares during the last quarter. Radcliffe Capital Management L.P. grew its position in 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 acquiring an additional 77,571 shares during the last quarter. Meteora Capital LLC grew its position in 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 acquiring an additional 201,753 shares during the last quarter. Millennium Management LLC grew its position in shares of Axiom Intelligence Acquisition Corp 1 by 94.2% in the 4th 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 in the 4th quarter worth approximately $5,035,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Axiom Intelligence Acquisition Corp 1 from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Axiom Intelligence Acquisition Corp 1 has an average rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Price Performance

AXIN traded down $0.06 on Tuesday, hitting $10.36. 19,689 shares of the company were exchanged, compared to its average volume of 302,823. The stock’s fifty day moving average price is $10.22. Axiom Intelligence Acquisition Corp 1 has a 12 month low of $9.93 and a 12 month high of $10.45.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

Axiom Intelligence Acquisition Corp 1 Company Profile

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.