Eve Holding, Inc. (NYSE:EVEX – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 656,500 shares, a decline of 5.9% from the October 15th total of 698,000 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average trading volume of 82,600 shares, the days-to-cover ratio is currently 7.9 days.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald restated a “neutral” rating and issued a $7.00 price target on shares of EVE in a research report on Tuesday, August 1st.
EVE Stock Up 1.6 %
EVE (NYSE:EVEX – Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. On average, equities research analysts expect that EVE will post -0.48 earnings per share for the current year.
Institutional Investors Weigh In On EVE
Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in EVE during the second quarter worth $39,000. Royal Bank of Canada bought a new position in shares of EVE during the 2nd quarter worth about $52,000. Citigroup Inc. acquired a new position in shares of EVE during the second quarter valued at about $56,000. California State Teachers Retirement System bought a new stake in shares of EVE in the second quarter valued at about $63,000. Finally, Wells Fargo & Company MN acquired a new stake in EVE during the second quarter worth about $78,000. 0.67% of the stock is currently owned by institutional investors.
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.
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