Eve Holding, Inc. (NYSE:EVEX) Short Interest Up 8.3% in November

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,800,000 shares, an increase of 8.3% from the October 31st total of 3,510,000 shares. Based on an average trading volume of 337,300 shares, the days-to-cover ratio is presently 11.3 days. Approximately 7.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

EVEX has been the topic of a number of research analyst reports. HC Wainwright assumed coverage on shares of EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group raised their price target on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a report on Monday.

EVE Stock Up 1.7 %

NYSE:EVEX traded up $0.07 during mid-day trading on Wednesday, hitting $4.09. 112,248 shares of the stock were exchanged, compared to its average volume of 151,557. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $7.57. 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 firm’s 50-day simple moving average is $3.32 and its 200 day simple moving average is $3.48.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same period in the prior year, the firm earned ($0.11) earnings per share. Sell-side analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EVE

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVEX. Vanguard Group Inc. boosted its stake in EVE by 7.1% in the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after buying an additional 34,484 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of EVE during the 2nd quarter valued at approximately $190,000. SG Americas Securities LLC acquired a new position in EVE during the 3rd quarter worth approximately $35,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in EVE during the 3rd quarter worth approximately $40,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in EVE by 63.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after purchasing an additional 129,300 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

About EVE

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.