AEye, Inc. (NASDAQ:LIDR) Sees Significant Growth in Short Interest

AEye, Inc. (NASDAQ:LIDR) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,439,722 shares, an increase of 31.6% from the December 15th total of 2,613,032 shares. Based on an average daily trading volume, of 1,476,200 shares, the short-interest ratio is currently 2.3 days. Approximately 8.7% of the shares of the stock are short sold. Approximately 8.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,476,200 shares, the short-interest ratio is currently 2.3 days.

Insider Activity at AEye

In related news, Director Luis Dussan sold 32,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2.40, for a total value of $76,800.00. Following the completion of the transaction, the director owned 134,132 shares of the company’s stock, valued at approximately $321,916.80. This trade represents a 19.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.93% of the company’s stock.

Institutional Investors Weigh In On AEye

Several hedge funds have recently modified their holdings of LIDR. Benjamin Edwards Inc. purchased a new position in AEye during the third quarter valued at approximately $1,026,000. Thompson Davis & CO. Inc. purchased a new stake in AEye during the second quarter worth $34,000. Two Sigma Investments LP bought a new stake in AEye during the 3rd quarter valued at $95,000. Squarepoint Ops LLC purchased a new position in shares of AEye in the 3rd quarter valued at $33,000. Finally, UBS Group AG raised its position in shares of AEye by 657.5% in the 3rd quarter. UBS Group AG now owns 307,696 shares of the company’s stock worth $766,000 after acquiring an additional 267,075 shares in the last quarter. Hedge funds and other institutional investors own 21.58% of the company’s stock.

AEye Stock Down 1.5%

Shares of NASDAQ:LIDR opened at $2.01 on Friday. The business’s 50 day moving average is $2.32 and its 200 day moving average is $2.44. The stock has a market cap of $90.57 million, a P/E ratio of -0.93 and a beta of 2.97. AEye has a 52-week low of $0.49 and a 52-week high of $6.44.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.04 million. AEye had a negative return on equity of 102.95% and a negative net margin of 19,320.88%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LIDR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AEye in a report on Monday, December 29th. Wall Street Zen raised shares of AEye from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AEye has a consensus rating of “Hold” and a consensus target price of $6.00.

About AEye

AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.

The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.