Short Interest in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Drops By 87.8%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 846 shares, a drop of 87.8% from the August 15th total of 6,925 shares. Based on an average daily volume of 41,376 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Stock Down 0.2%

AXIN traded down $0.02 during trading on Thursday, hitting $10.33. The company’s stock had a trading volume of 17,938 shares, compared to its average volume of 30,746. Axiom Intelligence Acquisition Corp 1 has a twelve month low of $9.95 and a twelve month high of $10.45. The business’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $10.25.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last announced its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Large investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new position in shares of Axiom Intelligence Acquisition Corp 1 during the first quarter valued at approximately $4,555,000. Alberta Investment Management Corp acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth approximately $5,035,000. Tudor Investment Corp ET AL acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth approximately $1,018,000. Readystate Asset Management LP purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter worth approximately $1,762,000. Finally, Millennium Management LLC increased its position 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 purchasing an additional 249,250 shares in the last quarter.

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.