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

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large decrease in short interest during the month of 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. Approximately 7.1% of the shares of the company are short sold. Based on an average daily trading volume, of 294,700 shares, the short-interest ratio is presently 11.9 days.

EVE Price Performance

EVEX opened at $3.04 on Wednesday. The company’s 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $3.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21. The stock has a market capitalization of $904.84 million, a P/E ratio of -6.33 and a beta of 0.37. EVE has a 52-week low of $2.33 and a 52-week high of $7.57.

EVE (NYSE:EVEX) last released its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the business earned ($0.11) earnings per share. As a group, analysts predict that EVE will post -0.5 EPS for the current year.

Analysts Set New Price Targets

EVEX has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th. HC Wainwright initiated coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective on the stock.

Hedge Funds Weigh In On EVE

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock worth $2,796,000 after purchasing an additional 34,484 shares during the period. Blair William & Co. IL acquired a new position in shares of EVE in the 2nd quarter valued at $190,000. SG Americas Securities LLC purchased a new position in EVE during the 3rd quarter worth approximately $35,000. Barclays PLC raised its stake in shares of EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after buying an additional 37,602 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of EVE by 65.4% during the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after purchasing an additional 336,133 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

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.