Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Sees Significant Decrease in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 20 shares, a decrease of 85.7% from the September 15th total of 140 shares. Based on an average daily volume of 117,140 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Axiom Intelligence Acquisition Corp 1

Several institutional investors and hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the 2nd quarter worth about $2,068,000. Sona Asset Management US LLC bought a new position in Axiom Intelligence Acquisition Corp 1 during the 1st quarter valued at about $4,555,000. Finally, Radcliffe Capital Management L.P. lifted its holdings 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 valued at $5,531,000 after purchasing an additional 77,571 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Axiom Intelligence Acquisition Corp 1 currently has a consensus rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Price Performance

AXIN stock traded up $0.01 during trading on Friday, hitting $10.36. The company had a trading volume of 44,781 shares, compared to its average volume of 105,151. The company has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $10.28. Axiom Intelligence Acquisition Corp 1 has a fifty-two week low of $9.99 and a fifty-two week high of $10.45.

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

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company, or SPAC, formed to pursue a business combination with one or more private companies.

Rather than operating a traditional business, the company’s activities center on identifying a suitable merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. Its target industry and the identity of a potential business combination partner have not been established in the available information.

Because Axiom Intelligence Acquisition Corp 1 is in the acquisition phase, it does not currently offer products or services to customers.