Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Up 30.4% in November

Vertical Aerospace Ltd. (NYSE:EVTL) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 85,300 shares, a growth of 30.4% from the October 31st total of 65,400 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is presently 1.2 days.

Vertical Aerospace Price Performance

Shares of NYSE:EVTL opened at $10.10 on Monday. The business’s 50 day simple moving average is $7.16 and its 200-day simple moving average is $54.57. Vertical Aerospace has a 12 month low of $3.55 and a 12 month high of $12.79.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Barclays increased their price objective on Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group boosted their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

About Vertical Aerospace

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. Vertical Aerospace Ltd.