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

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,820,000 shares, an increase of 7.8% from the January 15th total of 5,400,000 shares. Based on an average daily trading volume, of 353,800 shares, the short-interest ratio is currently 16.4 days. Currently, 11.6% of the company’s stock are short sold.

EVE Stock Down 1.8 %

EVE stock traded down $0.09 during trading on Tuesday, reaching $4.72. The stock had a trading volume of 254,285 shares, compared to its average volume of 255,683. 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 has a 52-week low of $2.33 and a 52-week high of $6.09. The stock has a market cap of $1.40 billion, a PE ratio of -9.82 and a beta of 0.41. The business has a 50 day moving average price of $4.91 and a 200 day moving average price of $3.75.

Institutional Investors Weigh In On EVE

Several institutional investors have recently modified their holdings of EVEX. Summit Investment Advisors Inc. lifted its holdings in EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after buying an additional 3,850 shares during the last quarter. Legal & General Group Plc boosted its holdings in EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after purchasing an additional 3,001 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in EVE in the fourth quarter valued at approximately $34,000. SG Americas Securities LLC acquired a new stake in EVE during the third quarter worth approximately $35,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of EVE in the 3rd quarter valued at $40,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on EVEX. Canaccord Genuity Group raised their price target on shares of EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of EVE in a report on Tuesday, November 5th. Finally, TD Cowen raised EVE to a “hold” rating in a research note on Thursday, December 19th.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.