AA Mission Acquisition Corp. (NYSE:AAM) Sees Large Increase in Short Interest

AA Mission Acquisition Corp. (NYSE:AAM) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 103,927 shares, a growth of 8,524.6% from the January 15th total of 1,205 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 116,579 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 116,579 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On AA Mission Acquisition

An institutional investor recently bought a new position in AA Mission Acquisition stock. Concurrent Investment Advisors LLC acquired a new stake in AA Mission Acquisition Corp. (NYSE:AAM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,500 shares of the company’s stock, valued at approximately $121,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AA Mission Acquisition in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, AA Mission Acquisition has a consensus rating of “Sell”.

AA Mission Acquisition Trading Up 0.2%

Shares of AAM opened at $10.66 on Wednesday. AA Mission Acquisition has a 1 year low of $10.14 and a 1 year high of $10.89. The stock has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $10.58.

About AA Mission Acquisition

AA Mission Acquisition Corp. (NYSE: AAM) is a blank‐check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), AAM raises capital through an initial public offering and holds those funds in trust until identifying and closing on a qualifying transaction. The vehicle allows public investors to participate in the acquisition process alongside the sponsors and management team.

Since its formation, AA Mission Acquisition has focused on sourcing growth‐stage and established companies that present opportunities for long‐term value creation.