AEye, Inc. (NASDAQ:LIDR) Short Interest Update

AEye, Inc. (NASDAQ:LIDR) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,460,000 shares, a growth of 67.1% from the January 31st total of 873,700 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 8.7% of the shares of the company are sold short.

Hedge Funds Weigh In On AEye

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of AEye by 19.7% during the 4th quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock worth $99,000 after purchasing an additional 12,779 shares during the period. Two Sigma Investments LP grew its stake in AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock worth $95,000 after buying an additional 61,437 shares during the last quarter. Citadel Advisors LLC acquired a new stake in AEye in the fourth quarter worth $92,000. Virtu Financial LLC bought a new stake in AEye in the fourth quarter valued at $77,000. Finally, Two Sigma Securities LLC acquired a new position in shares of AEye during the fourth quarter valued at $66,000. 21.58% of the stock is currently owned by institutional investors and hedge funds.

AEye Stock Performance

LIDR traded down $0.05 during trading hours on Monday, hitting $0.58. 471,106 shares of the stock were exchanged, compared to its average volume of 3,720,589. The stock has a market cap of $10.76 million, a price-to-earnings ratio of -0.12 and a beta of 2.79. The stock has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.26 and a quick ratio of 2.24. AEye has a 12 month low of $0.57 and a 12 month high of $5.15.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.91) earnings per share (EPS) for the quarter. AEye had a negative return on equity of 169.57% and a negative net margin of 17,554.46%. The business had revenue of $0.05 million during the quarter.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.