AEye, Inc. (NASDAQ:LIDR) Short Interest Up 5.4% in December

AEye, Inc. (NASDAQ:LIDRGet Rating) was the recipient of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 6,870,000 shares, a growth of 5.4% from the December 15th total of 6,520,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 6.5 days. Approximately 6.6% of the company’s shares are short sold.

AEye Stock Up 1.3 %

Shares of NASDAQ LIDR opened at $0.62 on Monday. The firm has a market cap of $99.41 million, a price-to-earnings ratio of -0.96 and a beta of 2.63. AEye has a 52-week low of $0.46 and a 52-week high of $6.33. The business’s 50 day moving average is $0.74 and its two-hundred day moving average is $1.26.

AEye (NASDAQ:LIDRGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. AEye had a negative return on equity of 70.52% and a negative net margin of 2,294.24%. The business had revenue of $0.77 million for the quarter, compared to analyst estimates of $0.70 million. Analysts anticipate that AEye will post -0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LIDR. DA Davidson decreased their price objective on AEye from $8.00 to $5.00 in a report on Friday, November 11th. Roth Capital reiterated a “buy” rating on shares of AEye in a report on Friday, November 11th. Finally, Westpark Capital began coverage on AEye in a report on Tuesday, November 1st. They issued a “hold” rating on the stock.

Institutional Trading of AEye

A number of large investors have recently modified their holdings of LIDR. Verition Fund Management LLC purchased a new stake in shares of AEye during the second quarter worth $25,000. UBS Group AG purchased a new stake in shares of AEye during the first quarter worth $26,000. Virtu Financial LLC purchased a new stake in shares of AEye during the third quarter worth $27,000. JPMorgan Chase & Co. increased its holdings in AEye by 240.5% in the second quarter. JPMorgan Chase & Co. now owns 14,660 shares of the company’s stock valued at $28,000 after buying an additional 10,354 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC purchased a new position in AEye in the second quarter valued at $29,000. Hedge funds and other institutional investors own 30.90% of the company’s stock.

About AEye

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AEye, Inc provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.

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