Short Interest in Vertical Aerospace Ltd. (NYSE:EVTL) Grows By 30.4%

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 85,300 shares, an increase of 30.4% from the October 31st total of 65,400 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is presently 1.2 days.

Vertical Aerospace Stock Up 16.2 %

NYSE EVTL opened at $10.10 on Monday. Vertical Aerospace has a 1 year low of $3.55 and a 1 year high of $12.79. The company has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $54.57.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVTL. Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Barclays lifted their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group lifted their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.