Short Interest in Eve Holding, Inc. (NYSE:EVEX) Grows By 8.3%

Eve Holding, Inc. (NYSE:EVEX) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,800,000 shares, a growth of 8.3% from the October 31st total of 3,510,000 shares. Based on an average trading volume of 337,300 shares, the short-interest ratio is presently 11.3 days. Approximately 7.7% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. HC Wainwright assumed coverage on EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group boosted their price objective on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday.

EVE Trading Up 1.2 %

Shares of NYSE EVEX traded up $0.05 during trading on Wednesday, reaching $4.07. The company had a trading volume of 116,502 shares, compared to its average volume of 151,577. The company’s fifty day moving average price is $3.32 and its 200-day moving average price is $3.48. EVE has a 12 month low of $2.33 and a 12 month high of $7.57. The stock has a market cap of $1.21 billion, a P/E ratio of -8.52 and a beta of 0.53. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

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

Institutional Investors Weigh In On EVE

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of 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. Charles Schwab Investment Management Inc. boosted its position in shares of 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 purchasing an additional 129,300 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of EVE during the 2nd quarter valued at about $190,000. Barclays PLC boosted its position in shares of EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after purchasing an additional 37,602 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of EVE by 7.1% during the 1st 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 in the last quarter. Institutional investors own 1.27% of the company’s stock.

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.