Eve Holding, Inc. (NYSE:EVEX) Short Interest Update

Eve Holding, Inc. (NYSE:EVEX) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 656,500 shares, a decrease of 5.9% from the October 15th total of 698,000 shares. Based on an average trading volume of 82,600 shares, the days-to-cover ratio is currently 7.9 days. Currently, 2.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated a “neutral” rating and set a $7.00 price target on shares of EVE in a research note on Tuesday, August 1st.

Institutional Trading of EVE

A number of institutional investors and hedge funds have recently bought and sold shares of EVEX. Northern Trust Corp boosted its stake in EVE by 41.0% during the third quarter. Northern Trust Corp now owns 172,676 shares of the company’s stock valued at $1,431,000 after buying an additional 50,235 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of EVE by 541.6% in the third quarter. Deutsche Bank AG now owns 9,990 shares of the company’s stock valued at $83,000 after purchasing an additional 8,433 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EVE by 389.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 202,347 shares of the company’s stock worth $1,677,000 after purchasing an additional 160,973 shares during the last quarter. Barclays PLC raised its stake in EVE by 6.8% during the third quarter. Barclays PLC now owns 174,629 shares of the company’s stock valued at $1,447,000 after purchasing an additional 11,130 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in EVE by 30.8% during the third quarter. Bank of New York Mellon Corp now owns 55,929 shares of the company’s stock valued at $464,000 after purchasing an additional 13,183 shares during the last quarter. 0.67% of the stock is currently owned by institutional investors.

EVE Price Performance

Shares of NYSE EVEX traded up $0.12 during midday trading on Friday, reaching $7.47. The stock had a trading volume of 60,371 shares, compared to its average volume of 65,929. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.62 and a current ratio of 5.62. EVE has a 12-month low of $5.10 and a 12-month high of $11.05. The stock has a 50-day moving average of $7.88 and a 200-day moving average of $8.47. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -19.74 and a beta of 0.63.

EVE (NYSE:EVEX) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. As a group, research analysts anticipate that EVE will post -0.48 EPS for the current fiscal year.

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.