Eve Holding, Inc. (NYSE:EVEX – Get Free Report) 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
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 – Get Free Report) 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.
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.
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