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

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 6,694,832 shares, an increase of 19.2% from the March 15th total of 5,614,924 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 1,539,908 shares, the days-to-cover ratio is currently 4.3 days.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EVEX shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $7.50 target price on shares of EVE in a report on Wednesday, March 18th. Cantor Fitzgerald dropped their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EVE currently has a consensus rating of “Hold” and an average price target of $6.47.

EVE Price Performance

EVE stock traded up $0.21 during trading on Friday, reaching $2.96. The company had a trading volume of 1,766,204 shares, compared to its average volume of 1,260,615. The firm’s 50-day simple moving average is $2.82 and its 200 day simple moving average is $3.81. EVE has a 1-year low of $2.34 and a 1-year high of $7.70. The firm has a market capitalization of $1.03 billion, a PE ratio of -4.28 and a beta of 0.97. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.29 and a current ratio of 3.29.

EVE (NYSE:EVEX) last announced its earnings results on Monday, March 16th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). As a group, equities research analysts anticipate that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVE

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. BNP Paribas Financial Markets boosted its stake in EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after purchasing an additional 3,121 shares during the last quarter. Canal Insurance CO acquired a new stake in EVE during the 3rd quarter worth $38,000. SG Americas Securities LLC boosted its stake in EVE by 52.3% during the 1st quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock worth $42,000 after purchasing an additional 5,840 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in EVE during the 3rd quarter worth $42,000. Finally, Avidian Wealth Enterprises LLC acquired a new stake in EVE during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.