Vertical Aerospace Ltd. (NYSE:EVTL) Sees Significant Increase in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 65,400 shares, a growth of 41.3% from the October 15th total of 46,300 shares. Based on an average daily trading volume, of 41,100 shares, the short-interest ratio is presently 1.6 days. Approximately 2.6% of the shares of the stock are sold short.

Vertical Aerospace Stock Down 15.3 %

Vertical Aerospace stock traded down $0.83 during mid-day trading on Friday, hitting $4.61. The company’s stock had a trading volume of 67,586 shares, compared to its average volume of 35,963. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $12.79. The firm’s 50 day moving average is $21.39 and its 200 day moving average is $59.33.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 target price on shares of Vertical Aerospace in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Vertical Aerospace from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $150.00 in a report on Tuesday, July 23rd.

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.