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

American Exceptionalism Acquisition Corp. (NYSE:AEXA) was the target of a large growth in short interest during the month of 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. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 122,890 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of American Exceptionalism Acquisition

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

American Exceptionalism Acquisition Stock Performance

Shares of AEXA stock opened at $11.32 on Friday. The company has a market capitalization of $559.84 million and a price-to-earnings ratio of 188.65. American Exceptionalism Acquisition has a 52-week low of $10.49 and a 52-week high of $11.99. The company has a 50-day simple moving average of $11.50 and a two-hundred day simple moving average of $11.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of American Exceptionalism Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About American Exceptionalism Acquisition

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.