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

AA Mission Acquisition Corp. (NYSE:AAM) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,205 shares, an increase of 13,288.9% from the December 31st total of 9 shares. Based on an average daily volume of 107,541 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 107,541 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of AA Mission Acquisition

A hedge fund recently bought a new stake in AA Mission Acquisition stock. Concurrent Investment Advisors LLC purchased a new stake in shares of AA Mission Acquisition Corp. (NYSE:AAM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,500 shares of the company’s stock, valued at approximately $121,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of AA Mission Acquisition in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

AA Mission Acquisition Stock Performance

AAM opened at $10.68 on Wednesday. AA Mission Acquisition has a fifty-two week low of $10.14 and a fifty-two week high of $10.89. The firm has a 50-day moving average of $10.64 and a 200 day moving average of $10.56.

AA Mission Acquisition (NYSE:AAM) last released its earnings results on Friday, November 7th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $3.78 million during the quarter.

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.