Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Up 66.3% in December

Vertical Aerospace Ltd. (NYSE:EVTL) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 246,600 shares, an increase of 66.3% from the December 15th total of 148,300 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 181,600 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

EVTL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Raymond James restated a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Vertical Aerospace in a research note on Monday, December 23rd. Finally, Barclays increased their target price on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research report on Thursday, November 21st.

Vertical Aerospace Stock Up 6.9 %

NYSE EVTL traded up $0.64 during trading hours on Friday, hitting $9.86. The company had a trading volume of 106,181 shares, compared to its average volume of 302,823. The firm’s 50 day moving average is $8.22 and its 200 day moving average is $39.56. Vertical Aerospace has a fifty-two week low of $3.55 and a fifty-two week high of $15.99.

Vertical Aerospace (NYSE:EVTL) last posted its earnings results on Friday, December 20th. The company reported ($1.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.58). Research analysts anticipate that Vertical Aerospace will post -4.35 EPS for the current fiscal year.

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.