American Exceptionalism Acquisition Corp. (NYSE:AEXA) Shares Shorted: Short Interest Down 42.1% in September

American Exceptionalism Acquisition Corp. (NYSE:AEXA) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 120,710 shares, a decline of 42.1% from the September 15th total of 208,582 shares. Based on an average trading volume of 98,207 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Governors Lane LP lifted its stake in American Exceptionalism Acquisition by 93.0% in the fourth quarter. Governors Lane LP now owns 903,563 shares of the company’s stock valued at $10,292,000 after buying an additional 435,463 shares during the last quarter. Moore Capital Management LP boosted its holdings in shares of American Exceptionalism Acquisition by 9.1% during the fourth quarter. Moore Capital Management LP now owns 1,200,000 shares of the company’s stock valued at $13,668,000 after acquiring an additional 100,000 shares during the period. Lineage Point Capital LP acquired a new position in shares of American Exceptionalism Acquisition during the fourth quarter valued at $569,000. Kestra Advisory Services LLC grew its position in shares of American Exceptionalism Acquisition by 243.4% during the first quarter. Kestra Advisory Services LLC now owns 54,600 shares of the company’s stock worth $591,000 after acquiring an additional 38,700 shares during the last quarter. Finally, Berkley W R Corp grew its position in shares of American Exceptionalism Acquisition by 7.5% during the first quarter. Berkley W R Corp now owns 421,159 shares of the company’s stock worth $4,561,000 after acquiring an additional 29,445 shares during the last quarter.

American Exceptionalism Acquisition Price Performance

Shares of NYSE:AEXA traded down $0.18 during midday trading on Friday, reaching $10.62. The company had a trading volume of 369,097 shares, compared to its average volume of 155,856. The stock’s fifty day moving average price is $11.28 and its 200-day moving average price is $11.35. The stock has a market capitalization of $525.28 million and a P/E ratio of 88.50. American Exceptionalism Acquisition has a one year low of $10.49 and a one year high of $11.99.

American Exceptionalism Acquisition (NYSE:AEXA) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded American Exceptionalism Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus 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.