Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Shares Shorted: Short Interest Down 83.5% in September

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 140 shares, a decrease of 83.5% from the August 31st total of 846 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 65,822 shares, the days-to-cover ratio is presently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Price Performance

NASDAQ:AXIN remained flat at $10.34 during midday trading on Friday. 51,544 shares of the company were exchanged, compared to its average volume of 85,778. Axiom Intelligence Acquisition Corp 1 has a 1 year low of $9.95 and a 1 year high of $10.45. The business’s 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $10.27.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Axiom Intelligence Acquisition Corp 1 from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Axiom Intelligence Acquisition Corp 1

Hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the second quarter valued at approximately $2,068,000. Sona Asset Management US LLC acquired a new stake in Axiom Intelligence Acquisition Corp 1 in the first quarter valued at $4,555,000. Radcliffe Capital Management L.P. boosted its position in shares of Axiom Intelligence Acquisition Corp 1 by 16.4% during the 4th 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 in the last quarter. Finally, Periscope Capital Inc. boosted its position in shares of Axiom Intelligence Acquisition Corp 1 by 3.0% during the 4th quarter. Periscope Capital Inc. now owns 386,200 shares of the company’s stock worth $3,885,000 after purchasing an additional 11,200 shares in the last quarter.

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the ticker symbol AXIN. The company was formed to raise capital through a public offering and pursue a business combination with an existing private company.

Unlike an operating business, Axiom Intelligence Acquisition Corp 1 does not currently manufacture products or provide commercial services. Its activities are focused on identifying a suitable target, conducting due diligence and negotiating a merger, acquisition or similar transaction.