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

Eve Holding, Inc. (NYSE:EVEX) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 5,962,692 shares, a growth of 42.3% from the December 15th total of 4,189,819 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 1,988,432 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 1,988,432 shares, the short-interest ratio is presently 3.0 days. Currently, 1.7% of the company’s stock are sold short.

Institutional Investors Weigh In On EVE

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 3,121 shares in the last quarter. Canal Insurance CO purchased a new position in shares of EVE in the third quarter valued at $38,000. Schonfeld Strategic Advisors LLC acquired a new stake in EVE during the 3rd quarter valued at approximately $42,000. SG Americas Securities LLC purchased a new stake in EVE during the 4th quarter worth approximately $45,000. Finally, Avidian Wealth Enterprises LLC acquired a new position in shares of EVE in the 3rd quarter valued at approximately $49,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Price Performance

EVE stock traded down $0.14 during midday trading on Friday, reaching $4.53. The company had a trading volume of 1,035,261 shares, compared to its average volume of 1,372,019. The firm’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $4.82. The company has a market capitalization of $1.58 billion, a P/E ratio of -6.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. EVE has a 12-month low of $2.83 and a 12-month high of $7.70.

EVE (NYSE:EVEX) last posted its earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. As a group, equities analysts anticipate that EVE will post -0.5 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on EVEX shares. Canaccord Genuity Group lifted their price objective on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. reduced their target price on EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating on shares of EVE in a report on Monday, November 24th. Finally, The Goldman Sachs Group initiated coverage on shares of EVE in a research note on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price on the stock. Four 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.47.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.