Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Short Interest Down 64.7% in June

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 12,890 shares, a decrease of 64.7% from the June 15th total of 36,522 shares. Based on an average daily volume of 53,082 shares, the days-to-cover ratio is presently 0.2 days.

Axiom Intelligence Acquisition Corp 1 Stock Performance

Axiom Intelligence Acquisition Corp 1 stock traded up $0.01 during trading on Wednesday, reaching $0.37. The company had a trading volume of 5,873 shares, compared to its average volume of 132,097. The company has a 50-day moving average of $0.33. Axiom Intelligence Acquisition Corp 1 has a 1-year low of $0.10 and a 1-year high of $0.48.

About Axiom Intelligence Acquisition Corp 1

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.