Short Interest in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Declines By 49.2%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,925 shares, a drop of 49.2% from the July 30th total of 13,622 shares. Based on an average trading volume of 22,058 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Axiom Intelligence Acquisition Corp 1 Trading Down 0.0%

Shares of NASDAQ:AXIN opened at $10.33 on Monday. Axiom Intelligence Acquisition Corp 1 has a 1 year low of $9.95 and a 1 year high of $10.45. The business has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $10.24.

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

Institutional Investors Weigh In On Axiom Intelligence Acquisition Corp 1

Large investors have recently made changes to their positions in the company. Wealthspring Capital LLC increased its stake in shares of Axiom Intelligence Acquisition Corp 1 by 0.4% during the 4th quarter. Wealthspring Capital LLC now owns 305,850 shares of the company’s stock worth $3,077,000 after purchasing an additional 1,350 shares during the last quarter. Periscope Capital Inc. lifted its stake in shares of Axiom Intelligence Acquisition Corp 1 by 3.0% in the 4th quarter. Periscope Capital Inc. now owns 386,200 shares of the company’s stock valued at $3,885,000 after purchasing an additional 11,200 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter valued at $352,000. Heights Capital Management Inc. bought a new stake in Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth $504,000. Finally, Radcliffe Capital Management L.P. boosted its holdings in Axiom Intelligence Acquisition Corp 1 by 16.4% in the fourth quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock worth $5,531,000 after purchasing an additional 77,571 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Axiom Intelligence Acquisition Corp 1 in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Axiom Intelligence Acquisition Corp 1 currently has an average rating of “Sell”.

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.