Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,041 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 8,074 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1
An institutional investor recently raised its position in Axiom Intelligence Acquisition Corp 1 stock. OMERS ADMINISTRATION Corp raised its stake in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,484 shares of the company’s stock after acquiring an additional 16,081 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Axiom Intelligence Acquisition Corp 1 were worth $1,989,000 at the end of the most recent quarter.
Axiom Intelligence Acquisition Corp 1 Trading Up 1.2%
Shares of AXINU traded up $0.13 during mid-day trading on Monday, hitting $11.00. 5,100 shares of the company’s stock were exchanged, compared to its average volume of 7,146. Axiom Intelligence Acquisition Corp 1 has a 52 week low of $9.51 and a 52 week high of $11.75. The stock has a 50-day moving average of $10.49.
Axiom Intelligence Acquisition Corp 1 Company Profile
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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