Eve Holding, Inc. (NYSE:EVEX) Sees Large Growth in Short Interest

Eve Holding, Inc. (NYSE:EVEX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,240,000 shares, an increase of 44.6% from the September 15th total of 2,240,000 shares. Currently, 7.0% of the company’s stock are short sold. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 2.7 days. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 2.7 days. Currently, 7.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

EVEX has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. BTIG Research restated a “neutral” rating on shares of EVE in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group boosted their price target on shares of EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EVE has a consensus rating of “Hold” and a consensus price target of $6.83.

Institutional Investors Weigh In On EVE

Several institutional investors have recently modified their holdings of EVEX. BNP Paribas Financial Markets lifted its position in EVE by 144.8% in the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after acquiring an additional 3,121 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in EVE in the first quarter valued at $39,000. Arizona State Retirement System purchased a new stake in EVE in the first quarter valued at $57,000. B. Riley Wealth Advisors Inc. purchased a new stake in EVE in the second quarter valued at $69,000. Finally, Strs Ohio purchased a new stake in EVE in the first quarter valued at $75,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Price Performance

EVE stock opened at $4.43 on Friday. The stock has a market cap of $1.33 billion, a P/E ratio of -7.02 and a beta of 0.81. The company has a fifty day simple moving average of $4.17 and a 200-day simple moving average of $4.90. EVE has a 12-month low of $2.61 and a 12-month high of $7.70. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46.

EVE (NYSE:EVEX) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Equities analysts expect that EVE will post -0.5 EPS for the current fiscal year.

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.