Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,130,000 shares, an increase of 22.7% from the October 15th total of 2,550,000 shares. Approximately 10.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 259,700 shares, the short-interest ratio is currently 12.1 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Roth Mkm increased their target price on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Craig Hallum lifted their price target on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $10.53.

Insider Activity

In related news, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the completion of the sale, the chief technology officer now owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 49,678 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $2.55, for a total value of $126,678.90. Following the completion of the transaction, the chief executive officer now owns 4,204,808 shares in the company, valued at $10,722,260.40. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 205,279 shares of company stock worth $658,186 over the last ninety days. Company insiders own 29.10% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors have recently bought and sold shares of AEVA. Dimensional Fund Advisors LP purchased a new stake in shares of Aeva Technologies during the second quarter worth about $118,000. Magnetar Financial LLC bought a new position in Aeva Technologies during the 1st quarter valued at approximately $633,000. BNP Paribas Financial Markets bought a new stake in shares of Aeva Technologies in the 1st quarter worth approximately $31,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies in the 1st quarter worth approximately $58,000. Finally, Sei Investments Co. purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $39,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Aeva Technologies Stock Down 1.1 %

Shares of Aeva Technologies stock traded down $0.04 during trading on Friday, reaching $3.73. The company’s stock had a trading volume of 222,361 shares, compared to its average volume of 351,266. The firm’s 50-day moving average is $3.54 and its two-hundred day moving average is $3.22. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $7.25. The company has a market cap of $200.97 million, a price-to-earnings ratio of -1.21 and a beta of 1.37.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.