Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Up 8.2% in … – MarketBeat
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Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 8,410,000 shares, a growth of 8.2% from the November 15th total of 7,770,000 shares. Approximately 7.9% of the company’s stock are short sold. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is currently 5.8 days.
Institutional Trading of Aeva Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Aeva Technologies by 13.4% in the third quarter. Bank of New York Mellon Corp now owns 335,966 shares of the company’s stock worth $628,000 after buying an additional 39,571 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in shares of Aeva Technologies in the third quarter worth $94,000. Alliancebernstein L.P. raised its stake in Aeva Technologies by 70.4% during the 3rd quarter. Alliancebernstein L.P. now owns 111,300 shares of the company’s stock valued at $208,000 after purchasing an additional 46,000 shares during the last quarter. Two Sigma Advisers LP raised its stake in Aeva Technologies by 195.0% during the 3rd quarter. Two Sigma Advisers LP now owns 575,500 shares of the company’s stock valued at $1,076,000 after purchasing an additional 380,400 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Aeva Technologies by 249.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,212,233 shares of the company’s stock valued at $2,267,000 after purchasing an additional 865,543 shares during the last quarter. 47.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AEVA has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Aeva Technologies from $5.00 to $2.50 and set an “equal weight” rating on the stock in a research report on Wednesday, November 9th. Westpark Capital initiated coverage on shares of Aeva Technologies in a research note on Tuesday, November 1st. They issued a “hold” rating and a $3.00 target price for the company. Piper Sandler reduced their target price on shares of Aeva Technologies from $4.50 to $2.25 and set a “neutral” rating for the company in a research note on Wednesday, November 9th. Finally, Roth Capital reduced their target price on shares of Aeva Technologies from $20.00 to $10.00 in a research note on Wednesday, November 9th.
Aeva Technologies Stock Performance
Shares of Aeva Technologies stock traded down $0.05 on Friday, reaching $1.48. The stock had a trading volume of 2,523,596 shares, compared to its average volume of 1,392,232. The business’s 50-day moving average price is $1.79 and its two-hundred day moving average price is $2.63. Aeva Technologies has a fifty-two week low of $1.46 and a fifty-two week high of $8.72. The stock has a market cap of $322.98 million, a P/E ratio of -2.35 and a beta of 1.10.
Aeva Technologies (NYSE:AEVA – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Aeva Technologies had a negative net margin of 1,983.03% and a negative return on equity of 33.37%. The business had revenue of $1.37 million during the quarter, compared to analysts’ expectations of $2.17 million. As a group, equities analysts forecast that Aeva Technologies will post -0.65 earnings per share for the current fiscal year.
About Aeva Technologies
(Get Rating)
Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.
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