Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Up 66.3% in December

Vertical Aerospace Ltd. (NYSE:EVTL) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 246,600 shares, an increase of 66.3% from the December 15th total of 148,300 shares. Based on an average trading volume of 181,600 shares, the short-interest ratio is currently 1.4 days. Currently, 1.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Barclays upped their target price on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Vertical Aerospace in a research report on Monday, December 23rd.

Vertical Aerospace Price Performance

NYSE EVTL traded up $0.80 on Friday, hitting $10.02. The stock had a trading volume of 98,807 shares, compared to its average volume of 300,082. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $15.99. The business’s fifty day moving average price is $8.22 and its 200 day moving average price is $39.56.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Analysts forecast that Vertical Aerospace will post -4.35 EPS for the current fiscal year.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.