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

Eve Holding, Inc. (NYSE:EVEX) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,800,000 shares, an increase of 8.3% from the October 31st total of 3,510,000 shares. Based on an average daily trading volume, of 337,300 shares, the days-to-cover ratio is presently 11.3 days. Approximately 7.7% of the company’s shares are sold short.

EVE Stock Up 1.5 %

EVE stock traded up $0.06 during trading on Wednesday, reaching $4.08. The stock had a trading volume of 126,482 shares, compared to its average volume of 151,612. EVE has a 52-week low of $2.33 and a 52-week high of $7.57. The business has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.48. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.21 billion, a PE ratio of -8.52 and a beta of 0.53.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, analysts predict that EVE will post -0.5 EPS for the current year.

Institutional Trading of EVE

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of EVE by 65.4% in the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after acquiring an additional 336,133 shares during the period. Vanguard Group Inc. increased its stake in EVE by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after buying an additional 34,484 shares during the period. State Street Corp increased its stake in EVE by 3.8% in the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after buying an additional 13,700 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after buying an additional 129,300 shares during the period. Finally, Blair William & Co. IL acquired a new position in EVE in the 2nd quarter valued at $190,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price target on shares of EVE in a research report on Tuesday, November 5th. Canaccord Genuity Group increased their price target on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday. Finally, HC Wainwright assumed coverage on shares of EVE in a research report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target on the stock.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.