Eve Holding, Inc. (NYSE:EVEX) Short Interest Up 11.7% in August

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,720,000 shares, an increase of 11.7% from the August 15th total of 1,540,000 shares. Based on an average trading volume of 121,100 shares, the days-to-cover ratio is presently 14.2 days. Approximately 4.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

EVEX has been the topic of a number of recent analyst reports. HC Wainwright assumed coverage on EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price target on the stock. Canaccord Genuity Group decreased their target price on shares of EVE from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of EVE in a report on Monday, September 9th.

Hedge Funds Weigh In On EVE

A hedge fund recently bought a new stake in EVE stock. Blair William & Co. IL purchased a new position in shares of Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,017 shares of the company’s stock, valued at approximately $190,000. Institutional investors own 1.27% of the company’s stock.

EVE Trading Up 3.1 %

EVE stock opened at $2.98 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.87 and a quick ratio of 3.87. EVE has a 52 week low of $2.33 and a 52 week high of $9.18. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $4.26.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). Equities research analysts forecast that EVE will post -0.49 EPS for the current fiscal year.

EVE Company Profile

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.