AEVEX Corp. (NYSE:AVEX) Sees Significant Growth in Short Interest

AEVEX Corp. (NYSE:AVEX) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,182,046 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 5,186,542 shares, the short-interest ratio is currently 0.2 days. Approximately 1.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of AEVEX in a research note on Tuesday. They issued a “buy” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “overweight” rating and a $33.00 target price on the stock. Finally, Wall Street Zen upgraded shares of AEVEX to a “hold” rating in a research note on Saturday, April 25th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.25.

Insider Buying and Selling at AEVEX

In other news, insider Brett P. Hush bought 10,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the insider owned 10,000 shares in the company, valued at approximately $200,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Raduenz bought 50,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately $1,000,000. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 74,150 shares of company stock valued at $1,483,000.

AEVEX Stock Performance

AEVEX stock traded up $0.87 during midday trading on Friday, reaching $25.02. 1,014,092 shares of the company traded hands, compared to its average volume of 2,902,189. AEVEX has a 12 month low of $22.27 and a 12 month high of $42.34.