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

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

Institutional Trading of EVE

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew 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 buying an additional 34,484 shares during the period. Blair William & Co. IL bought a new stake in EVE in the 2nd quarter valued at $190,000. SG Americas Securities LLC bought a new position in EVE during the 3rd quarter worth about $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of EVE in the third quarter valued at about $40,000. Finally, Barclays PLC raised its position in EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after buying an additional 37,602 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

EVE Stock Performance

EVE stock traded up $0.07 during mid-day trading on Wednesday, reaching $4.09. The company had a trading volume of 112,248 shares, compared to its average volume of 151,557. EVE has a 52 week low of $2.33 and a 52 week high of $7.57. The company has a 50 day moving average of $3.32 and a 200-day moving average of $3.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX) last issued its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same quarter last year, the business earned ($0.11) EPS. As a group, equities research analysts predict that EVE will post -0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EVEX shares. HC Wainwright began coverage on EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price for the company. Canaccord Genuity Group boosted their price target on shares of EVE from $6.75 to $7.00 and gave the company a “buy” rating in a report on Monday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a report on Tuesday, November 5th.

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.