Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Short Interest Down 64.7% in June

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 12,890 shares, a decrease of 64.7% from the June 15th total of 36,522 shares. Based on an average daily trading volume, of 53,082 shares, the days-to-cover ratio is currently 0.2 days.

Axiom Intelligence Acquisition Corp 1 Stock Performance

AXINR opened at $0.37 on Tuesday. Axiom Intelligence Acquisition Corp 1 has a twelve month low of $0.10 and a twelve month high of $0.48. The company has a 50-day moving average of $0.33.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank-check company, its primary purpose is to identify, evaluate and complete a merger, capital stock exchange, asset acquisition or similar business combination with an operating company that becomes the combined entity following a successful transaction.

While publicly traded, the company’s principal activities typically include sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and maintaining the proceeds of its offering in a trust account pending completion of a qualifying business combination.