Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Down 49.2% in August

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,925 shares, a drop of 49.2% from the July 30th total of 13,622 shares. Based on an average trading volume of 22,058 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Axiom Intelligence Acquisition Corp 1 Trading Down 0.1%

NASDAQ:AXIN opened at $10.32 on Tuesday. The stock has a 50-day moving average price of $10.31 and a 200 day moving average price of $10.24. Axiom Intelligence Acquisition Corp 1 has a 12-month low of $9.95 and a 12-month high of $10.45.

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

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Several institutional investors have recently bought and sold shares of the stock. Wealthspring Capital LLC lifted its stake in Axiom Intelligence Acquisition Corp 1 by 0.4% in the 4th quarter. Wealthspring Capital LLC now owns 305,850 shares of the company’s stock worth $3,077,000 after purchasing an additional 1,350 shares in the last quarter. Periscope Capital Inc. grew its position in shares of Axiom Intelligence Acquisition Corp 1 by 3.0% during the fourth quarter. Periscope Capital Inc. now owns 386,200 shares of the company’s stock valued at $3,885,000 after purchasing an additional 11,200 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at about $352,000. Heights Capital Management Inc. bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth about $504,000. Finally, Radcliffe Capital Management L.P. increased its holdings in shares of Axiom Intelligence Acquisition Corp 1 by 16.4% in the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock worth $5,531,000 after purchasing an additional 77,571 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Axiom Intelligence Acquisition Corp 1 in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Axiom Intelligence Acquisition Corp 1 has an average rating of “Sell”.

About Axiom Intelligence Acquisition Corp 1

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.