Short Interest in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) Rises By 272.7%

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINR) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 36,522 shares, a growth of 272.7% from the May 31st total of 9,800 shares. Based on an average daily trading volume, of 110,038 shares, the short-interest ratio is presently 0.3 days.

Axiom Intelligence Acquisition Corp 1 Stock Up 2.0%

Shares of AXINR stock traded up $0.01 on Monday, reaching $0.38. 211 shares of the stock were exchanged, compared to its average volume of 152,274. Axiom Intelligence Acquisition Corp 1 has a one year low of $0.10 and a one year high of $0.48. The firm’s 50 day moving average price is $0.28.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXINR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank-check company, its primary purpose is to identify, evaluate and complete a merger, capital stock exchange, asset acquisition or similar business combination with an operating company that becomes the combined entity following a successful transaction.

While publicly traded, the company’s principal activities typically include sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and maintaining the proceeds of its offering in a trust account pending completion of a qualifying business combination.