Short Interest in Aeva Technologies, Inc. (NYSE:AEVA) Grows By 22.7%

Aeva Technologies, Inc. (NYSE:AEVA) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,130,000 shares, a growth of 22.7% from the October 15th total of 2,550,000 shares. Approximately 10.1% of the company’s stock are sold short. Based on an average daily volume of 259,700 shares, the short-interest ratio is currently 12.1 days.

Insider Activity

In other news, CTO Mina Rezk sold 70,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $4.12, for a total transaction of $288,400.00. Following the sale, the chief technology officer now owns 8,766,669 shares in the company, valued at $36,118,676.28. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Soroush Salehian Dardashti sold 49,678 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.55, for a total transaction of $126,678.90. Following the completion of the transaction, the chief executive officer now owns 4,204,808 shares of the company’s stock, valued at approximately $10,722,260.40. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,279 shares of company stock worth $658,186. Insiders own 29.10% of the company’s stock.

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in Aeva Technologies in the first quarter worth about $31,000. American Century Companies Inc. purchased a new stake in Aeva Technologies in the 2nd quarter worth approximately $38,000. Sei Investments Co. purchased a new position in Aeva Technologies during the second quarter valued at approximately $39,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies in the first quarter worth approximately $58,000. Finally, Barclays PLC increased its stake in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after purchasing an additional 21,964 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AEVA. Craig Hallum lifted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Finally, Roth Mkm increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.53.

Aeva Technologies Stock Down 1.1 %

NYSE:AEVA traded down $0.04 on Friday, hitting $3.73. The stock had a trading volume of 222,361 shares, compared to its average volume of 351,266. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $7.25. The stock has a market cap of $200.97 million, a price-to-earnings ratio of -1.21 and a beta of 1.37. The business’s 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $3.22.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.