Short Interest in Aeva Technologies, Inc. (NYSE:AEVA) Decreases By 6.0%

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,730,000 shares, a decrease of 6.0% from the January 15th total of 1,840,000 shares. Based on an average daily trading volume, of 467,700 shares, the short-interest ratio is currently 3.7 days. Approximately 5.5% of the company's shares are short sold.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 107,795 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.49, for a total value of $483,999.55. Following the completion of the sale, the chief executive officer now owns 4,097,013 shares of the company's stock, valued at $18,395,588.37. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 29.10% of the company's stock.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Aeva Technologies by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company's stock valued at $696,000 after buying an additional 8,007 shares during the last quarter. State Street Corp boosted its holdings in shares of Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company's stock valued at $1,488,000 after acquiring an additional 23,593 shares in the last quarter. Barclays PLC boosted its holdings in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after acquiring an additional 21,964 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after acquiring an additional 76,044 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at about $48,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Price Performance

Shares of AEVA traded down $0.16 during midday trading on Friday, reaching $3.91. The stock had a trading volume of 328,597 shares, compared to its average volume of 409,988. Aeva Technologies has a 1-year low of $2.20 and a 1-year high of $7.25. The company's fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $3.82. The company has a market cap of $210.68 million, a price-to-earnings ratio of -1.27 and a beta of 1.39.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEVA. Craig Hallum increased their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Roth Mkm increased 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.53.

Aeva Technologies Company Profile

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.