Eve Holding, Inc. (NYSE:EVEX) Short Interest Update

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large growth in short interest in 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. Currently, 9.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 256,300 shares, the short-interest ratio is currently 16.5 days.

EVE Trading Up 0.9 %

EVE stock traded up $0.03 during midday trading on Friday, reaching $3.33. 329,644 shares of the stock traded hands, compared to its average volume of 524,453. The company has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $4.00. EVE has a 12-month low of $2.33 and a 12-month high of $8.21. The firm has a market cap of $966.17 million, a PE ratio of -7.08 and a beta of 0.36. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.50.

EVE (NYSE:EVEX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). Research analysts expect that EVE will post -0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On EVE

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of EVE during the 3rd quarter worth about $35,000. Blair William & Co. IL acquired a new stake in shares of EVE during the 2nd quarter worth about $190,000. Finally, Vanguard Group Inc. raised 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 worth $2,796,000 after acquiring an additional 34,484 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.