AEye, Inc. (NASDAQ:LIDR) Short Interest Down 22.5% in March

AEye, Inc. (NASDAQ:LIDR) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,170,000 shares, a drop of 22.5% from the February 28th total of 1,510,000 shares. Based on an average trading volume of 3,050,000 shares, the short-interest ratio is presently 0.4 days. Approximately 7.0% of the shares of the stock are sold short.

AEye Price Performance

LIDR stock traded up $0.01 during trading on Tuesday, hitting $0.58. The stock had a trading volume of 144,950 shares, compared to its average volume of 2,016,969. The stock has a market cap of $10.84 million, a price-to-earnings ratio of -0.12 and a beta of 2.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.24 and a current ratio of 2.26. The company’s 50 day moving average price is $0.75 and its two-hundred day moving average price is $1.06. AEye has a 1-year low of $0.51 and a 1-year high of $5.15.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.91) EPS for the quarter. AEye had a negative net margin of 17,554.46% and a negative return on equity of 169.57%. The business had revenue of $0.05 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIDR. Millennium Management LLC acquired a new stake in AEye during the fourth quarter worth about $32,000. Commonwealth Equity Services LLC purchased a new position in AEye in the fourth quarter valued at approximately $43,000. Two Sigma Securities LLC acquired a new position in AEye during the fourth quarter valued at approximately $66,000. Virtu Financial LLC purchased a new stake in AEye during the fourth quarter worth approximately $77,000. Finally, Citadel Advisors LLC purchased a new position in shares of AEye in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 21.58% of the company’s stock.

About AEye

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.