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

Key Points

• Short interest plunged 83.5% to 140 shares as of September 15, down from 846 shares at the end of August. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Several institutional investors established or increased positions, including SkyView Investment Advisors, Sona Asset Management, Radcliffe Capital Management and Periscope Capital.
• AXIN opened at $10.34, within its 52-week range of $9.95 to $10.45. The company, a SPAC seeking a business combination, has an average analyst rating of Sell and recently reported quarterly EPS of $0.03.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN - Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 140 shares, a decline of 83.5% from the August 31st total of 846 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 65,822 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Axiom Intelligence Acquisition Corp 1

A number of institutional investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new position in Axiom Intelligence Acquisition Corp 1 during the second quarter worth $2,068,000. Sona Asset Management US LLC bought a new stake in Axiom Intelligence Acquisition Corp 1 during the first quarter valued at $4,555,000. Radcliffe Capital Management L.P. increased its stake in Axiom Intelligence Acquisition Corp 1 by 16.4% during the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company's stock valued at $5,531,000 after purchasing an additional 77,571 shares during the last quarter. Finally, Periscope Capital Inc. raised its holdings 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 worth $3,885,000 after purchasing an additional 11,200 shares during the period.

Analyst Upgrades and Downgrades

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

Axiom Intelligence Acquisition Corp 1 Stock Performance

Shares of Axiom Intelligence Acquisition Corp 1 stock opened at $10.34 on Friday. Axiom Intelligence Acquisition Corp 1 has a 1 year low of $9.95 and a 1 year high of $10.45. The firm's 50-day simple moving average is $10.31 and its 200-day simple moving average is $10.27.

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

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