Yakira Capital Management Inc. Invests $376,000 in AI Transportation Acquisition Corp (NASDAQ:AITR)

Yakira Capital Management Inc. acquired a new position in shares of AI Transportation Acquisition Corp (NASDAQ:AITR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $376,000. Yakira Capital Management Inc. owned about 0.45% of AI Transportation Acquisition at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC lifted its position in shares of AI Transportation Acquisition by 142.4% during the fourth quarter. Mizuho Securities USA LLC now owns 556,500 shares of the company’s stock valued at $5,955,000 after buying an additional 326,883 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of AI Transportation Acquisition by 15.9% during the 4th quarter. Wolverine Asset Management LLC now owns 420,301 shares of the company’s stock worth $4,518,000 after acquiring an additional 57,631 shares in the last quarter. Finally, Shaolin Capital Management LLC raised its stake in shares of AI Transportation Acquisition by 0.4% during the 3rd quarter. Shaolin Capital Management LLC now owns 255,775 shares of the company’s stock worth $2,681,000 after acquiring an additional 1,042 shares in the last quarter. Institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Stock Performance

Shares of AITR opened at $10.99 on Friday. The company has a 50 day moving average of $10.92 and a two-hundred day moving average of $10.73. AI Transportation Acquisition Corp has a twelve month low of $10.28 and a twelve month high of $11.00.

About AI Transportation Acquisition

AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.