Eve Holding, Inc. (NYSE:EVEX) Short Interest Up 11.6% in September

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,920,000 shares, a growth of 11.6% from the August 31st total of 1,720,000 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average daily trading volume, of 216,500 shares, the short-interest ratio is presently 8.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in EVE stock. Blair William & Co. IL bought a new position in shares of Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,017 shares of the company’s stock, valued at approximately $190,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

EVE Stock Performance

Shares of EVEX opened at $3.22 on Friday. The firm has a 50-day moving average of $2.88 and a 200-day moving average of $4.15. EVE has a one year low of $2.33 and a one year high of $8.72. The company has a market cap of $934.25 million, a PE ratio of -7.16 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). As a group, equities analysts forecast that EVE will post -0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVEX has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of EVE in a research note on Monday, September 23rd. HC Wainwright initiated coverage on shares of EVE in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Canaccord Genuity Group lowered their price target on shares of EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

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.