Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Update

Vertical Aerospace Ltd. (NYSE:EVTL) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 246,600 shares, an increase of 66.3% from the December 15th total of 148,300 shares. Based on an average daily trading volume, of 181,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.4% of the shares of the company are short sold.

Vertical Aerospace Stock Performance

Shares of NYSE:EVTL traded up $0.44 during mid-day trading on Friday, hitting $9.66. 135,234 shares of the company traded hands, compared to its average volume of 306,286. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $15.99. The firm’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $39.56.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings results on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.58). On average, sell-side analysts forecast that Vertical Aerospace will post -4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and set a $16.00 target price on shares of Vertical Aerospace in a research report on Monday, December 23rd. Barclays increased their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Finally, Raymond James restated a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th.

Vertical Aerospace Company Profile

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.