Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Short Interest Update

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 846 shares, a decrease of 87.8% from the August 15th total of 6,925 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 41,376 shares, the short-interest ratio is presently 0.0 days.

Axiom Intelligence Acquisition Corp 1 Stock Performance

Shares of AXIN traded up $0.01 on Friday, reaching $10.34. The company’s stock had a trading volume of 8,942 shares, compared to its average volume of 77,532. Axiom Intelligence Acquisition Corp 1 has a 12-month low of $9.95 and a 12-month high of $10.45. The stock’s 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $10.25.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Sona Asset Management US LLC purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the first quarter worth about $4,555,000. Radcliffe Capital Management L.P. grew its holdings in Axiom Intelligence Acquisition Corp 1 by 16.4% during the 4th quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock valued at $5,531,000 after buying an additional 77,571 shares in the last quarter. Heights Capital Management Inc. bought a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth approximately $504,000. Tudor Investment Corp ET AL bought a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth approximately $1,018,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 during the 4th quarter worth approximately $1,762,000.

Wall Street Analyst Weigh In

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

Axiom Intelligence Acquisition Corp 1 Company Profile

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.