Vertical Aerospace Ltd. (NYSE:EVTL) Sees Large Growth in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 65,400 shares, an increase of 41.3% from the October 15th total of 46,300 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average trading volume of 41,100 shares, the short-interest ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

EVTL has been the topic of a number of recent research reports. Canaccord Genuity Group restated a “buy” rating and set a $150.00 target price on shares of Vertical Aerospace in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised shares of Vertical Aerospace from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $150.00 in a research report on Tuesday, July 23rd.

Vertical Aerospace Trading Down 15.3 %

Shares of NYSE:EVTL traded down $0.83 on Friday, hitting $4.61. 67,586 shares of the company’s stock were exchanged, compared to its average volume of 35,963. Vertical Aerospace has a 1-year low of $3.55 and a 1-year high of $12.79. The firm’s 50-day moving average is $21.39 and its 200 day moving average is $59.46.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.