American Exceptionalism Acquisition Corp. (NYSE:AEXA) Sees Significant Growth in Short Interest

American Exceptionalism Acquisition Corp. (NYSE:AEXA) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 264,381 shares, a growth of 85.6% from the June 30th total of 142,452 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 122,890 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On American Exceptionalism Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in AEXA. Scientech Research LLC bought a new position in American Exceptionalism Acquisition in the 3rd quarter worth $134,000. Clearline Capital LP purchased a new stake in shares of American Exceptionalism Acquisition in the 4th quarter worth approximately $155,000. Kestra Advisory Services LLC purchased a new stake in shares of American Exceptionalism Acquisition in the fourth quarter worth $181,000. Virtu Financial LLC purchased a new stake in American Exceptionalism Acquisition during the 3rd quarter valued at about $509,000. Finally, ADAR1 Capital Management LLC bought a new stake in shares of American Exceptionalism Acquisition during the third quarter valued at approximately $546,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised American Exceptionalism Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

American Exceptionalism Acquisition Stock Performance

AEXA stock traded down $0.01 during trading on Thursday, hitting $11.30. 15,008 shares of the company traded hands, compared to its average volume of 142,467. American Exceptionalism Acquisition has a 1 year low of $10.49 and a 1 year high of $11.99. The firm has a market capitalization of $558.91 million and a PE ratio of 188.33. The company has a 50-day moving average of $11.51 and a 200-day moving average of $11.37.

American Exceptionalism Acquisition Company Profile

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.