Eve Holding, Inc. (NYSE:EVEX) Sees Large Increase in Short Interest

Eve Holding, Inc. (NYSE:EVEX) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,200,000 shares, an increase of 15.1% from the November 30th total of 3,650,000 shares. Currently, 8.3% of the company’s shares are short sold. Based on an average trading volume of 369,800 shares, the days-to-cover ratio is presently 11.4 days.

Institutional Investors Weigh In On EVE

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in EVE by 65.4% during the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after purchasing an additional 336,133 shares in the last quarter. State Street Corp boosted its stake in shares of EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after buying an additional 13,700 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EVE by 63.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after acquiring an additional 129,300 shares during the last quarter. Blair William & Co. IL acquired a new position in EVE in the second quarter worth about $190,000. Finally, Barclays PLC lifted its holdings in EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after buying an additional 37,602 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Trading Up 2.8 %

EVEX traded up $0.15 during trading on Monday, hitting $5.56. 288,818 shares of the company’s stock were exchanged, compared to its average volume of 176,801. EVE has a 1 year low of $2.33 and a 1 year high of $7.49. The stock has a 50 day moving average price of $3.90 and a 200 day moving average price of $3.45. The firm has a market cap of $1.65 billion, a P/E ratio of -11.58 and a beta of 0.53. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter in the previous year, the firm earned ($0.11) EPS. As a group, analysts expect that EVE will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. HC Wainwright began coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of EVE in a report on Tuesday, November 5th. Finally, TD Cowen upgraded EVE to a “hold” rating in a research note on Thursday, December 19th.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.