Aeva Technologies, Inc. (NYSE:AEVA – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,920,000 shares, a drop of 5.9% from the May 31st total of 2,040,000 shares. Currently, 5.6% of the company’s stock are sold short. Based on an average daily trading volume, of 250,700 shares, the short-interest ratio is currently 7.7 days.
Aeva Technologies Trading Down 8.0 %
NYSE AEVA opened at $2.29 on Wednesday. Aeva Technologies has a 12-month low of $2.24 and a 12-month high of $7.25. The firm’s 50 day moving average is $3.09 and its 200-day moving average is $4.01.
Aeva Technologies (NYSE:AEVA – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.02. The business had revenue of $2.11 million for the quarter, compared to the consensus estimate of $1.70 million. Aeva Technologies had a negative net margin of 2,835.99% and a negative return on equity of 58.54%. As a group, research analysts predict that Aeva Technologies will post -2.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on AEVA
Hedge Funds Weigh In On Aeva Technologies
A number of institutional investors have recently added to or reduced their stakes in AEVA. BNP Paribas Financial Markets bought a new position in Aeva Technologies during the first quarter worth $31,000. Susquehanna Fundamental Investments LLC bought a new position in Aeva Technologies during the first quarter worth $58,000. Magnetar Financial LLC bought a new position in Aeva Technologies during the first quarter worth $633,000. Parkwood LLC boosted its position in Aeva Technologies by 78.4% during the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after purchasing an additional 268,046 shares during the period. Finally, Sylebra Capital LLC bought a new position in Aeva Technologies during the third quarter worth $20,730,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.
About Aeva Technologies
Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.
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