Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Sees Large Increase in Short Interest

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 55 shares, an increase of 175.0% from the October 15th total of 20 shares. Based on an average trading volume of 26,838 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Axiom Intelligence Acquisition Corp 1

Institutional investors have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp purchased a new position in Axiom Intelligence Acquisition Corp 1 in the third quarter valued at about $5,185,000. Sona Asset Management US LLC purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the first quarter valued at about $4,555,000. First Trust Capital Management L.P. purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the third quarter valued at about $4,635,000. Context Capital Management LLC purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the third quarter valued at about $2,591,000. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 2nd quarter valued at about $2,068,000.

Axiom Intelligence Acquisition Corp 1 Price Performance

Shares of NASDAQ:AXIN opened at $10.41 on Friday. The firm has a 50 day moving average of $10.36 and a 200 day moving average of $10.27. Axiom Intelligence Acquisition Corp 1 has a 52 week low of $10.05 and a 52 week high of $10.45.

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

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 is a special purpose acquisition company (SPAC). It does not have a substantial operating business or offer products and services of its own. Its primary purpose is to identify and complete a business combination with one or more operating companies. Such a transaction could take the form of a merger, acquisition, share exchange or similar deal. Information about a specific target, geographic focus or leadership is not included here because it could not be reliably confirmed.