Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Update

Key Points

• Short interest plunged 87.8% to 846 shares as of August 31, down from 6,925 shares on August 15. Short interest represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Weiss Ratings upgraded AXIN from “sell (d-)” to “sell (d),” but the stock retains an overall “Sell” rating from the one analyst covering it.
• AXIN shares declined 0.2% to $10.33, trading within a 52-week range of $9.95 to $10.45. Several institutional investors increased or initiated positions during the fourth quarter, including Westchester Capital Management, which boosted its stake by 35%.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 846 shares, a decline of 87.8% from the August 15th total of 6,925 shares. Based on an average trading volume of 41,376 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. ABC Arbitrage SA purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth approximately $352,000. Wealthspring Capital LLC lifted its holdings in Axiom Intelligence Acquisition Corp 1 by 0.4% during the fourth quarter. Wealthspring Capital LLC now owns 305,850 shares of the company's stock worth $3,077,000 after buying an additional 1,350 shares during the period. Periscope Capital Inc. lifted its holdings in 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 buying an additional 11,200 shares during the period. Westchester Capital Management LLC boosted its position in Axiom Intelligence Acquisition Corp 1 by 35.0% during the 4th quarter. Westchester Capital Management LLC now owns 675,000 shares of the company's stock valued at $6,797,000 after acquiring an additional 175,000 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in Axiom Intelligence Acquisition Corp 1 during the 4th quarter valued at $5,035,000.

Axiom Intelligence Acquisition Corp 1 Stock Down 0.2%

Shares of NASDAQ AXIN traded down $0.02 during trading hours on Thursday, reaching $10.33. The stock had a trading volume of 17,938 shares, compared to its average volume of 30,746. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $9.95 and a 52-week high of $10.45. The business's fifty day moving average price is $10.31 and its two-hundred day moving average price is $10.25.

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

Axiom Intelligence Acquisition Corp 1 Company Profile

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.

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