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

Aeva Technologies, Inc. (NYSE:AEVA) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,720,000 shares, a growth of 10.3% from the March 15th total of 1,560,000 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily trading volume, of 339,400 shares, the short-interest ratio is presently 5.1 days.

Aeva Technologies Trading Down 7.3 %

Shares of NYSE AEVA opened at $3.19 on Wednesday. Aeva Technologies has a 52 week low of $2.33 and a 52 week high of $7.60. The firm has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.01.

Aeva Technologies (NYSE:AEVA) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.75) by $0.05. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. The firm had revenue of $1.61 million during the quarter, compared to analysts’ expectations of $1.59 million. Analysts anticipate that Aeva Technologies will post -2.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 67,791 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $4.03, for a total transaction of $273,197.73. Following the completion of the transaction, the chief executive officer now directly owns 4,558,701 shares in the company, valued at $18,371,565.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 176,729 shares of company stock valued at $756,557. Corporate insiders own 34.60% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. ExodusPoint Capital Management LP purchased a new position in Aeva Technologies during the fourth quarter worth about $31,000. SG Americas Securities LLC purchased a new position in Aeva Technologies during the third quarter worth about $31,000. Barclays PLC boosted its stake in Aeva Technologies by 533.3% during the fourth quarter. Barclays PLC now owns 26,015 shares of the company’s stock worth $35,000 after buying an additional 21,907 shares during the period. Quantbot Technologies LP purchased a new position in Aeva Technologies during the first quarter worth about $35,000. Finally, Commonwealth Equity Services LLC purchased a new position in Aeva Technologies during the third quarter worth about $36,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on AEVA shares. Oppenheimer restated an “outperform” rating and set a $25.00 price objective on shares of Aeva Technologies in a research report on Wednesday, March 6th. Roth Mkm increased their target price on shares of Aeva Technologies from $5.00 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley increased their target price on shares of Aeva Technologies to $5.10 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aeva Technologies presently has an average rating of “Moderate Buy” and an average price target of $11.90.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.