Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,660,000 shares, a growth of 15.7% from the July 15th total of 2,300,000 shares. Based on an average trading volume of 277,700 shares, the short-interest ratio is presently 9.6 days. Approximately 8.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Aeva Technologies during the 1st quarter valued at about $31,000. Susquehanna Fundamental Investments LLC bought a new position in Aeva Technologies in the 1st quarter worth approximately $58,000. American Century Companies Inc. bought a new stake in Aeva Technologies during the 2nd quarter worth about $38,000. Sei Investments Co. acquired a new position in shares of Aeva Technologies in the 2nd quarter valued at $39,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Aeva Technologies in the 2nd quarter valued at $118,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AEVA. Roth Mkm dropped their price target on Aeva Technologies from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Craig Hallum reduced their price target on Aeva Technologies from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.03.

Aeva Technologies Price Performance

NYSE:AEVA traded up $0.07 during trading hours on Friday, reaching $2.77. 184,959 shares of the company were exchanged, compared to its average volume of 312,129. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $7.25. The stock has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $3.66. The firm has a market cap of $146.39 million, a price-to-earnings ratio of -0.89 and a beta of 1.40.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.