Eve Holding, Inc. (NYSE:EVEX) Short Interest Down 5.4% in October

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 3,510,000 shares, a decrease of 5.4% from the October 15th total of 3,710,000 shares. Based on an average daily trading volume, of 294,700 shares, the short-interest ratio is currently 11.9 days. Currently, 7.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. SG Americas Securities LLC bought a new stake in EVE during the 3rd quarter worth approximately $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EVE in the 3rd quarter valued at $40,000. State Street Corp lifted its stake in EVE by 3.8% during the 3rd quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after acquiring an additional 13,700 shares in the last quarter. Readystate Asset Management LP purchased a new position in EVE during the 3rd quarter worth $83,000. Finally, Vanguard Group Inc. grew its stake in shares of EVE by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock worth $2,796,000 after acquiring an additional 34,484 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Up 3.8 %

Shares of NYSE EVEX opened at $3.04 on Wednesday. The company has a market cap of $904.84 million, a price-to-earnings ratio of -6.33 and a beta of 0.37. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. EVE has a 12 month low of $2.33 and a 12 month high of $7.57. The stock has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $3.59.

EVE (NYSE:EVEX) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same quarter last year, the firm earned ($0.11) EPS. As a group, analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVEX has been the subject of several analyst reports. HC Wainwright began coverage on shares of EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Tuesday, November 5th.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.