Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Down 6.0% in January

Aeva Technologies, Inc. (NYSE:AEVA) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,730,000 shares, a decrease of 6.0% from the January 15th total of 1,840,000 shares. Based on an average daily trading volume, of 467,700 shares, the days-to-cover ratio is currently 3.7 days. Currently, 5.5% of the shares of the company are short sold.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.49, for a total transaction of $483,999.55. Following the completion of the transaction, the chief executive officer now owns 4,097,013 shares in the company, valued at approximately $18,395,588.37. This represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after acquiring an additional 21,964 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Aeva Technologies by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. PFG Investments LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at about $48,000. Geode Capital Management LLC grew its stake in Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after acquiring an additional 76,044 shares during the last quarter. Finally, State Street Corp grew its stake in Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after acquiring an additional 23,593 shares during the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Craig Hallum upped their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

Aeva Technologies Price Performance

NYSE:AEVA opened at $4.23 on Wednesday. Aeva Technologies has a fifty-two week low of $2.20 and a fifty-two week high of $7.25. The stock has a market cap of $227.91 million, a PE ratio of -1.37 and a beta of 1.39. The firm’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $3.81.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.