Short Interest in Aeva Technologies, Inc. (NYSE:AEVA) Rises By 44.5%

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,500,000 shares, a growth of 44.5% from the January 31st total of 1,730,000 shares. Currently, 8.0% of the shares of the stock are short sold. Based on an average trading volume of 449,600 shares, the short-interest ratio is currently 5.6 days.

Insider Buying and Selling at Aeva Technologies

In other news, Director Stephen Paul Zadesky sold 14,851 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $3.50, for a total transaction of $51,978.50. Following the sale, the director now directly owns 83,764 shares of the company's stock, valued at $293,174. This represents a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 29.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC bought a new position in Aeva Technologies in the 4th quarter worth about $48,000. Intech Investment Management LLC bought a new position in Aeva Technologies in the fourth quarter worth approximately $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $63,000. Finally, Advisory Services Network LLC bought a new position in shares of Aeva Technologies during the 4th quarter worth $78,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

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Aeva Technologies Stock Up 0.3 %

AEVA traded up $0.01 during trading hours on Friday, reaching $3.10. 316,914 shares of the company's stock traded hands, compared to its average volume of 387,870. The firm has a 50-day moving average price of $4.20 and a 200 day moving average price of $3.86. The firm has a market capitalization of $167.04 million, a PE ratio of -1.01 and a beta of 1.41. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $7.25.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Roth Mkm boosted their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Craig Hallum boosted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th.

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.