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

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a significant 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 sold short. Based on an average daily volume of 371,306 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Axiom Intelligence Acquisition Corp 1

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sona Asset Management US LLC purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the 1st quarter worth $4,555,000. Alberta Investment Management Corp purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth $5,035,000. Tudor Investment Corp ET AL purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth $1,018,000. Readystate Asset Management LP purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth $1,762,000. Finally, Millennium Management LLC increased its holdings in 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 acquiring an additional 249,250 shares in the last quarter.

Axiom Intelligence Acquisition Corp 1 Price Performance

Axiom Intelligence Acquisition Corp 1 stock traded down $0.01 during midday trading on Thursday, hitting $10.37. 1,366 shares of the company’s stock were exchanged, compared to its average volume of 98,330. Axiom Intelligence Acquisition Corp 1 has a 12 month low of $9.93 and a 12 month high of $10.45. The business’s 50-day moving average price is $10.23.

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

Analyst Upgrades and Downgrades

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

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.