Short Interest in AEye, Inc. (NASDAQ:LIDR) Decreases By 18.6%

AEye, Inc. (NASDAQ:LIDR) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 129,400 shares, a drop of 18.6% from the June 30th total of 159,000 shares. Based on an average daily trading volume, of 4,330,000 shares, the short-interest ratio is currently 0.0 days. Approximately 2.0% of the company’s stock are sold short.

Insider Activity at AEye

In related news, Director Luis Dussan sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $4.43, for a total transaction of $221,500.00. Following the completion of the transaction, the director now owns 244,832 shares of the company’s stock, valued at approximately $1,084,605.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 164,880 shares of company stock valued at $507,871 in the last 90 days. Corporate insiders own 11.93% of the company’s stock.

Institutional Trading of AEye

An institutional investor recently bought a new position in AEye stock. Mirador Capital Partners LP bought a new position in AEye, Inc. (NASDAQ:LIDR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 88,648 shares of the company’s stock, valued at approximately $111,000. Mirador Capital Partners LP owned approximately 1.36% of AEye at the end of the most recent quarter. 21.58% of the stock is currently owned by institutional investors and hedge funds.

AEye Stock Down 6.4 %

LIDR stock traded down $0.10 on Tuesday, reaching $1.46. 397,039 shares of the company traded hands, compared to its average volume of 2,101,166. AEye has a one year low of $0.92 and a one year high of $24.00. The firm has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $1.72.

AEye (NASDAQ:LIDR) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.27. The company had revenue of $0.02 million during the quarter. AEye had a negative return on equity of 117.42% and a negative net margin of 8,382.08%.

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.