Eve Holding, Inc. (NYSE:EVEX) Short Interest Update

Eve Holding, Inc. (NYSE:EVEX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,720,000 shares, a growth of 11.7% from the August 15th total of 1,540,000 shares. Based on an average daily trading volume, of 121,100 shares, the short-interest ratio is presently 14.2 days. Currently, 4.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. HC Wainwright started coverage on EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price target for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Monday, September 9th.

Institutional Trading of EVE

A hedge fund recently raised its stake in EVE stock. Vanguard Group Inc. lifted its position in Eve Holding, Inc. (NYSE:EVEX) by 7.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 517,707 shares of the company’s stock after buying an additional 34,484 shares during the quarter. Vanguard Group Inc. owned approximately 0.19% of EVE worth $2,796,000 at the end of the most recent reporting period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

EVE Trading Down 0.3 %

NYSE:EVEX traded down $0.01 on Monday, hitting $2.86. The stock had a trading volume of 282,617 shares, compared to its average volume of 77,537. The company has a fifty day moving average price of $2.99 and a two-hundred day moving average price of $4.30. EVE has a 1-year low of $2.33 and a 1-year high of $9.18. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50. The stock has a market cap of $770.39 million, a price-to-earnings ratio of -6.36 and a beta of 0.35.

EVE (NYSE:EVEX) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). Equities research analysts expect that EVE will post -0.49 earnings per share for the current fiscal year.

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.