Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,500,000 shares, a growth of 44.5% from the January 31st total of 1,730,000 shares. Currently, 8.0% of the company’s shares are sold short. Based on an average daily volume of 449,600 shares, the days-to-cover ratio is currently 5.6 days.

Insider Transactions at Aeva Technologies

In related news, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.50, for a total transaction of $51,978.50. Following the transaction, the director now owns 83,764 shares in the company, valued at approximately $293,174. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 29.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in Aeva Technologies by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares during the last quarter. State Street Corp increased its stake in shares of Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after buying an additional 23,593 shares during the last quarter. Barclays PLC raised its holdings in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after acquiring an additional 21,964 shares in the last quarter. Geode Capital Management LLC raised its holdings in Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after acquiring an additional 76,044 shares in the last quarter. Finally, PFG Investments LLC bought a new position in Aeva Technologies during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Price Performance

NYSE:AEVA opened at $3.25 on Wednesday. The firm has a 50-day moving average of $4.26 and a two-hundred day moving average of $3.87. The stock has a market cap of $175.12 million, a P/E ratio of -1.05 and a beta of 1.39. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $7.25.

Analyst Ratings Changes

A number of research analysts have commented on the company. Craig Hallum boosted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Roth Mkm boosted their price target on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Aeva Technologies has an average rating of “Moderate Buy” and a consensus price target of $10.53.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.