AEye, Inc. (NASDAQ:LIDR) Sees Large Decline in Short Interest

AEye, Inc. (NASDAQ:LIDR) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,768,508 shares, a decline of 19.2% from the February 26th total of 2,189,655 shares. Based on an average daily trading volume, of 409,214 shares, the short-interest ratio is presently 4.3 days. Approximately 4.5% of the company’s stock are short sold.

AEye Stock Performance

LIDR stock traded up $0.08 on Tuesday, hitting $1.81. 930,858 shares of the company’s stock were exchanged, compared to its average volume of 6,873,079. The firm has a 50 day moving average price of $1.75 and a two-hundred day moving average price of $2.21. AEye has a 12-month low of $0.49 and a 12-month high of $6.44. The stock has a market cap of $82.08 million, a P/E ratio of -1.28 and a beta of 2.98.

AEye (NASDAQ:LIDR) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. AEye had a negative return on equity of 64.69% and a negative net margin of 14,574.25%.The company had revenue of $0.10 million during the quarter, compared to analysts’ expectations of $0.08 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

Institutional Trading of AEye

Institutional investors have recently bought and sold shares of the stock. State Street Corp grew its position in AEye by 685.1% during the 4th quarter. State Street Corp now owns 1,573,781 shares of the company’s stock worth $2,896,000 after purchasing an additional 1,373,334 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of AEye in the fourth quarter worth $1,460,000. Vanguard Group Inc. lifted its stake in shares of AEye by 819.6% during the third quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock worth $1,685,000 after buying an additional 603,241 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of AEye during the third quarter valued at $1,026,000. Finally, Jane Street Group LLC purchased a new stake in shares of AEye during the fourth quarter valued at $504,000. 21.58% of the stock is currently owned by institutional investors and hedge funds.

AEye Company Profile

AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.

The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.