Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Up 1,555.0% in May

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,455 shares, a growth of 1,555.0% from the May 14th total of 813 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 371,306 shares, the short-interest ratio is presently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Price Performance

Shares of AXIN opened at $10.36 on Wednesday. The company has a 50 day simple moving average of $10.22. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $9.93 and a 52-week high of $10.45.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Axiom Intelligence Acquisition Corp 1 from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $352,000. Heights Capital Management Inc. acquired a new position in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $504,000. Tudor Investment Corp ET AL acquired a new position in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $1,018,000. Readystate Asset Management LP purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $1,762,000. Finally, Fort Baker Capital Management LP purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $3,018,000.

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.