Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Down 6.0% in January

Aeva Technologies, Inc. (NYSE:AEVA) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,730,000 shares, a drop of 6.0% from the January 15th total of 1,840,000 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily volume of 467,700 shares, the short-interest ratio is presently 3.7 days.

Aeva Technologies Stock Performance

NYSE AEVA opened at $4.23 on Wednesday. Aeva Technologies has a one year low of $2.20 and a one year high of $7.25. The company’s 50 day moving average price is $4.36 and its 200 day moving average price is $3.81. The firm has a market capitalization of $227.91 million, a price-to-earnings ratio of -1.37 and a beta of 1.39.

Wall Street Analysts Forecast Growth

AEVA has been the topic of several recent analyst reports. Craig Hallum increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Mkm increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.53.

Insiders Place Their Bets

In other news, CEO Soroush Salehian Dardashti sold 107,795 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.49, for a total transaction of $483,999.55. Following the transaction, the chief executive officer now directly owns 4,097,013 shares in the company, valued at $18,395,588.37. This represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AEVA. PFG Investments LLC purchased a new position in Aeva Technologies in the fourth quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $54,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $63,000. Finally, Advisory Services Network LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.