Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Update

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 331,900 shares, a growth of 12.4% from the August 15th total of 295,400 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 224,400 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

EVTL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Vertical Aerospace from a “hold” rating to a “buy” rating and increased their target price for the company from $1.00 to $1.50 in a research report on Tuesday, July 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $1.50 target price on shares of Vertical Aerospace in a research report on Friday, September 13th.

Vertical Aerospace Price Performance

NYSE EVTL opened at $0.81 on Wednesday. The business has a fifty day moving average price of $0.86 and a 200 day moving average price of $0.81. Vertical Aerospace has a one year low of $0.51 and a one year high of $1.62.

Shares of Vertical Aerospace are scheduled to reverse split on Monday, September 23rd. The 1-10 reverse split was announced on Monday, September 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 20th.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.