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

Eve Holding, Inc. (NYSE:EVEX) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 4,240,000 shares, a growth of 120.8% from the September 15th total of 1,920,000 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average daily volume of 256,300 shares, the days-to-cover ratio is presently 16.5 days.

Wall Street Analyst Weigh In

EVEX has been the topic of a number of recent analyst reports. HC Wainwright initiated coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price objective on shares of EVE in a report on Monday, September 30th. Finally, Canaccord Genuity Group cut their target price on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

Institutional Trading of EVE

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in EVE in the 3rd quarter valued at $35,000. Blair William & Co. IL acquired a new position in shares of EVE during the 2nd quarter valued at about $190,000. Finally, Vanguard Group Inc. grew its holdings in shares of EVE by 7.1% in the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after purchasing an additional 34,484 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Price Performance

Shares of NYSE:EVEX traded up $0.03 during trading on Friday, reaching $3.33. The stock had a trading volume of 329,644 shares, compared to its average volume of 524,453. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87. EVE has a 1-year low of $2.33 and a 1-year high of $8.21. The stock has a market cap of $966.17 million, a PE ratio of -7.08 and a beta of 0.36. The business has a fifty day moving average price of $2.86 and a 200-day moving average price of $4.00.

EVE (NYSE:EVEX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). On average, equities analysts forecast that EVE will post -0.49 earnings per share for the current fiscal year.

About EVE

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.