Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Stock Short Interest Climbs 418.0%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,590 shares, an increase of 418.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 11,743 shares, the short-interest ratio is currently 0.2 days.

Axiom Intelligence Acquisition Corp 1 Price Performance

NASDAQ:AXINR traded up $0.01 during mid-day trading on Wednesday, hitting $0.12. 9,681 shares of the stock traded hands, compared to its average volume of 93,636. The business’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.26. Axiom Intelligence Acquisition Corp 1 has a 12-month low of $0.11 and a 12-month high of $0.48.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to pursue a business combination with one or more businesses, which may include a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar transaction.

As a SPAC, Axiom Intelligence Acquisition Corp 1 does not appear to operate a commercial business or offer products and services to customers. Its activities are primarily focused on identifying and evaluating potential acquisition targets and completing an initial business combination.

Publicly available information about the company’s prospective target, operating geographies and leadership is limited.