Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,130,000 shares, a growth of 22.7% from the October 15th total of 2,550,000 shares. Approximately 10.1% of the shares of the stock are sold short. Based on an average daily volume of 259,700 shares, the days-to-cover ratio is currently 12.1 days.

Insider Activity at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 49,678 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $2.55, for a total transaction of $126,678.90. Following the transaction, the chief executive officer now directly owns 4,204,808 shares of the company’s stock, valued at approximately $10,722,260.40. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $4.12, for a total value of $288,400.00. Following the completion of the sale, the chief technology officer now directly owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 205,279 shares of company stock valued at $658,186. Corporate insiders own 29.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Aeva Technologies during the first quarter valued at $31,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Aeva Technologies in the 1st quarter worth about $58,000. Magnetar Financial LLC bought a new position in Aeva Technologies in the 1st quarter worth about $633,000. Bank of New York Mellon Corp grew its position in Aeva Technologies by 40.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after purchasing an additional 21,865 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Aeva Technologies during the 2nd quarter valued at about $38,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

Aeva Technologies Trading Down 1.1 %

Shares of AEVA traded down $0.04 on Friday, reaching $3.73. The stock had a trading volume of 222,361 shares, compared to its average volume of 351,266. Aeva Technologies has a 12-month low of $2.20 and a 12-month high of $7.25. The company has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.22.

Analyst Upgrades and Downgrades

AEVA has been the subject of a number of recent analyst reports. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Craig Hallum increased their target price 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. Finally, Roth Mkm raised their target price on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Aeva Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.53.

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.