AEye, Inc. (NASDAQ:LIDR) Short Interest Down 40.4% in May

AEye, Inc. (NASDAQ:LIDR) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,120,000 shares, a drop of 40.4% from the May 15th total of 1,880,000 shares. Currently, 6.5% of the company’s shares are sold short. Based on an average daily volume of 559,700 shares, the short-interest ratio is currently 2.0 days.

AEye Stock Up 5.8%

LIDR traded up $0.05 during trading on Monday, hitting $0.82. 255,962 shares of the company’s stock were exchanged, compared to its average volume of 1,044,973. The company has a quick ratio of 2.24, a current ratio of 2.26 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $0.70 and its two-hundred day moving average is $0.90. The stock has a market cap of $15.82 million, a P/E ratio of -0.17 and a beta of 2.63. AEye has a fifty-two week low of $0.49 and a fifty-two week high of $4.30.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of AEye from a “sell” rating to a “hold” rating in a report on Saturday, June 7th.

Hedge Funds Weigh In On AEye

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of AEye by 19.7% in the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after purchasing an additional 12,779 shares in the last quarter. Two Sigma Investments LP boosted its holdings in AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock worth $95,000 after acquiring an additional 61,437 shares during the last quarter. Citadel Advisors LLC purchased a new position in AEye during the 4th quarter worth $92,000. Virtu Financial LLC bought a new stake in shares of AEye in the 4th quarter worth $77,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of AEye in the fourth quarter valued at about $66,000. Institutional investors own 21.58% of the company’s stock.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.