Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Sees Significant Increase in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 36,522 shares, an increase of 272.7% from the May 31st total of 9,800 shares. Based on an average daily trading volume, of 110,038 shares, the days-to-cover ratio is currently 0.3 days.

Axiom Intelligence Acquisition Corp 1 Price Performance

AXINR stock traded down $0.02 during trading on Friday, hitting $0.37. The company had a trading volume of 2,809 shares, compared to its average volume of 154,767. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $0.10 and a 52-week high of $0.48. The firm has a 50 day moving average of $0.28.

About Axiom Intelligence Acquisition Corp 1

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.