Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,041 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily trading 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
A hedge fund recently raised its stake in Axiom Intelligence Acquisition Corp 1 stock. OMERS ADMINISTRATION Corp raised its holdings in shares of Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU – Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,484 shares of the company’s stock after acquiring an additional 16,081 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Axiom Intelligence Acquisition Corp 1 were worth $1,989,000 at the end of the most recent reporting period.
Axiom Intelligence Acquisition Corp 1 Stock Up 1.2%
NASDAQ:AXINU opened at $11.00 on Tuesday. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $9.51 and a 52-week high of $11.75. The stock’s 50-day moving average price is $10.51.
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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