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

AA Mission Acquisition Corp. (NYSE:AAM) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 9 shares, a decrease of 95.9% from the December 15th total of 220 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,217 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 30,217 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the 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 purchased a new stake in shares of AA Mission Acquisition Corp. (NYSE:AAM) during the 3rd quarter, according to the company in 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of AA Mission Acquisition in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

AA Mission Acquisition Price Performance

Shares of NYSE:AAM traded down $0.03 during midday trading on Monday, reaching $10.67. 456,125 shares of the company were exchanged, compared to its average volume of 18,609. The business’s fifty day moving average is $10.63 and its two-hundred day moving average is $10.54. AA Mission Acquisition has a one year low of $10.12 and a one year high of $10.79.

AA Mission Acquisition (NYSE:AAM) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.11 earnings per share (EPS) 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.