Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Down 6.0% in January

Aeva Technologies, Inc. (NYSE:AEVA) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,730,000 shares, a drop of 6.0% from the January 15th total of 1,840,000 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily trading volume, of 467,700 shares, the short-interest ratio is currently 3.7 days.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 107,795 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.49, for a total value of $483,999.55. Following the completion of the transaction, the chief executive officer now owns 4,097,013 shares of the company’s stock, valued at approximately $18,395,588.37. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 29.10% of the company’s stock.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after buying an additional 8,007 shares during the period. State Street Corp grew its position in Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the period. Barclays PLC grew its position in Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after buying an additional 21,964 shares during the period. Geode Capital Management LLC grew its position in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after buying an additional 76,044 shares during the period. Finally, PFG Investments LLC acquired a new stake in Aeva Technologies during the fourth quarter valued at $48,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Price Performance

NYSE:AEVA opened at $4.29 on Thursday. The firm has a market capitalization of $231.15 million, a P/E ratio of -1.39 and a beta of 1.39. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $7.25. The company’s fifty day moving average price is $4.35 and its 200-day moving average price is $3.81.

Analysts Set New Price Targets

A number of research analysts have issued reports on AEVA shares. Craig Hallum raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Mkm increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.53.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.