Short Interest in Eve Holding, Inc. (NYSE:EVEX) Increases By 42.3%

Eve Holding, Inc. (NYSE:EVEX) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 5,962,692 shares, an increase of 42.3% from the December 15th total of 4,189,819 shares. Based on an average daily volume of 1,988,432 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.7% of the shares of the company are short sold. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 1,988,432 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On EVE

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in EVE by 144.8% in 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 period. Canal Insurance CO purchased a new stake in shares of EVE in the third quarter valued at $38,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of EVE in the third quarter valued at $42,000. SG Americas Securities LLC acquired a new stake in shares of EVE in the fourth quarter worth $45,000. Finally, Avidian Wealth Enterprises LLC purchased a new position in shares of EVE during the third quarter valued at $49,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EVEX shares. Canaccord Genuity Group upped their target price on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of EVE in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EVE presently has an average rating of “Hold” and a consensus target price of $6.47.

EVE Price Performance

Shares of NYSE EVEX traded down $0.14 during mid-day trading on Friday, reaching $4.53. The company had a trading volume of 1,035,261 shares, compared to its average volume of 1,372,019. The company has a 50-day moving average price of $4.36 and a two-hundred day moving average price of $4.82. The stock has a market cap of $1.58 billion, a PE ratio of -6.96 and a beta of 0.83. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.91. EVE has a 1-year low of $2.83 and a 1-year high of $7.70.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. On average, equities analysts anticipate that EVE will post -0.5 earnings per share for the current year.

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.