Eve Holding, Inc. (NYSE:EVEX) Sees Large Growth in Short Interest

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,820,000 shares, an increase of 7.8% from the January 15th total of 5,400,000 shares. Based on an average daily volume of 353,800 shares, the days-to-cover ratio is currently 16.4 days. Approximately 11.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EVEX shares. TD Cowen upgraded EVE to a “hold” rating in a report on Thursday, December 19th. Canaccord Genuity Group lifted their target price on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th.

Institutional Investors Weigh In On EVE

A number of institutional investors have recently made changes to their positions in EVEX. Connective Capital Management LLC purchased a new position in shares of EVE during the 4th quarter worth approximately $500,000. Squarepoint Ops LLC acquired a new position in EVE during the fourth quarter worth $200,000. Wexford Capital LP purchased a new position in shares of EVE during the fourth quarter worth $123,000. ProShare Advisors LLC acquired a new stake in shares of EVE in the fourth quarter valued at $78,000. Finally, Nuveen Asset Management LLC lifted its stake in EVE by 161.4% during the 4th quarter. Nuveen Asset Management LLC now owns 94,129 shares of the company’s stock worth $512,000 after acquiring an additional 58,119 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

EVE Trading Down 1.8 %

Shares of NYSE:EVEX traded down $0.09 during midday trading on Tuesday, reaching $4.72. 254,285 shares of the company’s stock were exchanged, compared to its average volume of 255,683. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -9.82 and a beta of 0.41. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The firm’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $3.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.