AEye, Inc. (NASDAQ:LIDR) Short Interest Update

AEye, Inc. (NASDAQ:LIDR) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,761,764 shares, a growth of 46.4% from the August 31st total of 1,886,991 shares. Based on an average daily volume of 14,596,000 shares, the short-interest ratio is currently 0.2 days. Currently, 6.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

LIDR has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of AEye in a research note on Monday, September 21st. Wall Street Zen raised AEye from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.50.

AEye Stock Down 2.5%

AEye stock traded down $0.03 during mid-day trading on Thursday, hitting $1.17. 575,759 shares of the stock were exchanged, compared to its average volume of 2,879,730. The stock has a market capitalization of $54.60 million, a price-to-earnings ratio of -1.34 and a beta of 2.83. AEye has a 12 month low of $1.01 and a 12 month high of $4.00. The firm’s fifty day simple moving average is $1.23 and its two-hundred day simple moving average is $1.56.

AEye (NASDAQ:LIDR) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). AEye had a negative net margin of 7,786.44% and a negative return on equity of 42.98%. The company had revenue of $0.20 million for the quarter, compared to analyst estimates of $0.18 million.

Institutional Trading of AEye

A number of institutional investors have recently bought and sold shares of LIDR. Renaissance Technologies LLC grew its holdings in AEye by 1,836.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,394,472 shares of the company’s stock worth $2,524,000 after acquiring an additional 1,322,472 shares during the period. Littlejohn & Co. LLC bought a new position in shares of AEye in the 2nd quarter worth about $258,000. Finally, Connective Capital Management LLC acquired a new position in shares of AEye in the 4th quarter valued at about $256,000. Institutional investors own 21.58% of the company’s stock.

About AEye

AEye, Inc develops high-performance, software-defined lidar systems for advanced driver-assistance systems (ADAS), autonomous vehicles and industrial applications. Its technology is designed to help vehicles and machines detect, classify and track objects, supporting perception and decision-making in complex environments.

The company’s product portfolio has included adaptive lidar sensors and related perception software, with systems intended for applications such as highway driving, automated trucking, smart infrastructure and other industrial uses.