Short Interest in AEye, Inc. (NASDAQ:LIDR) Drops By 18.6%

AEye, Inc. (NASDAQ:LIDR) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 129,400 shares, a drop of 18.6% from the June 30th total of 159,000 shares. Based on an average trading volume of 4,330,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.0% of the shares of the company are short sold.

AEye Trading Up 5.6 %

LIDR traded up $0.08 during trading on Friday, hitting $1.51. The company’s stock had a trading volume of 140,432 shares, compared to its average volume of 187,583. AEye has a twelve month low of $0.92 and a twelve month high of $24.00. The business’s fifty day simple moving average is $2.31 and its 200 day simple moving average is $1.72. The firm has a market capitalization of $10.01 million, a price-to-earnings ratio of -0.13 and a beta of 2.98.

AEye (NASDAQ:LIDR) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.40) by $0.27. AEye had a negative return on equity of 117.42% and a negative net margin of 8,382.08%. The company had revenue of $0.02 million for the quarter.

Insider Activity at AEye

In related news, Director Luis Dussan sold 105,076 shares of AEye stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $2.41, for a total transaction of $253,233.16. Following the completion of the transaction, the director now directly owns 384,713 shares in the company, valued at $927,158.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 164,880 shares of company stock worth $507,871. 11.93% of the stock is owned by corporate insiders.

Institutional Trading of AEye

An institutional investor recently bought a new position in AEye stock. Mirador Capital Partners LP purchased a new position in AEye, Inc. (NASDAQ:LIDR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 88,648 shares of the company’s stock, valued at approximately $111,000. Mirador Capital Partners LP owned about 1.36% of AEye at the end of the most recent reporting period. 21.58% of the stock is currently owned by institutional investors.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.