Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Shares Shorted: Short Interest Down 85.7% in September

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 20 shares, a decrease of 85.7% from the September 15th total of 140 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 117,140 shares, the days-to-cover ratio is presently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Price Performance

NASDAQ AXIN opened at $10.36 on Friday. The business has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $10.28. Axiom Intelligence Acquisition Corp 1 has a 12 month low of $9.99 and a 12 month high of $10.45.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new position in shares of Axiom Intelligence Acquisition Corp 1 in the second quarter valued at approximately $2,068,000. Sona Asset Management US LLC bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the 1st quarter valued at about $4,555,000. Finally, Radcliffe Capital Management L.P. increased its position in shares of 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 during the last quarter.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company, or SPAC, formed to pursue a business combination with one or more private companies.

Rather than operating a traditional business, the company’s activities center on identifying a suitable merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. Its target industry and the identity of a potential business combination partner have not been established in the available information.

Because Axiom Intelligence Acquisition Corp 1 is in the acquisition phase, it does not currently offer products or services to customers.