Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 917 shares, a decline of 41.5% from the June 30th total of 1,568 shares. Based on an average daily volume of 3,284 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Axiom Intelligence Acquisition Corp 1 stock. OMERS ADMINISTRATION Corp grew its stake in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Free Report) by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 193,484 shares of the company’s stock after buying an additional 16,081 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Axiom Intelligence Acquisition Corp 1 were worth $1,989,000 as of its most recent SEC filing.
Axiom Intelligence Acquisition Corp 1 Stock Up 2.7%
Axiom Intelligence Acquisition Corp 1 stock traded up $0.29 during mid-day trading on Friday, reaching $10.94. 62 shares of the company were exchanged, compared to its average volume of 5,966. Axiom Intelligence Acquisition Corp 1 has a 12-month low of $10.05 and a 12-month high of $11.75. The firm’s fifty day moving average is $10.79.
About Axiom Intelligence Acquisition Corp 1
Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINU) is a special purpose acquisition company (SPAC) listed on the Nasdaq that was formed to raise capital through an initial public offering for the purpose of effecting a merger, amalgamation, or other business combination with one or more operating companies. As a blank‑check vehicle, the company itself does not produce goods or services; its principal business activity is to identify, negotiate and complete a qualifying business combination that will result in a publicly traded operating company.
Like other SPACs, Axiom Intelligence Acquisition Corp 1 holds the proceeds of its IPO in a trust account while it evaluates potential targets.
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