Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Up 22.7% in October

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Roth Mkm boosted their price objective 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. Westpark Capital reaffirmed a "hold" rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Finally, Craig Hallum boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Aeva Technologies currently has an average rating of "Moderate Buy" and an average target price of $10.53.

Aeva Technologies Stock Performance

Shares of NYSE AEVA traded down $0.04 during midday trading on Friday, hitting $3.73. 222,361 shares of the company's stock traded hands, compared to its average volume of 351,266. The stock has a market capitalization of $200.97 million, a price-to-earnings ratio of -1.21 and a beta of 1.37. The firm has a fifty day moving average of $3.54 and a 200 day moving average of $3.22. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.25.

Insider Transactions at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 85,601 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.84, for a total value of $243,106.84. Following the sale, the chief executive officer now directly owns 4,379,207 shares of the company's stock, valued at $12,436,947.88. The trade was a 1.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Mina Rezk sold 70,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the completion of the transaction, the chief technology officer now owns 8,766,669 shares in the company, valued at approximately $36,118,676.28. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,279 shares of company stock valued at $658,186. Company insiders own 29.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AEVA. BNP Paribas Financial Markets bought a new stake in Aeva Technologies during the first quarter valued at about $31,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies in the 1st quarter worth approximately $58,000. American Century Companies Inc. bought a new position in Aeva Technologies in the 2nd quarter worth approximately $38,000. Sei Investments Co. purchased a new stake in Aeva Technologies during the 2nd quarter valued at approximately $39,000. Finally, Barclays PLC raised its position in shares of Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after buying an additional 21,964 shares during the last quarter. Institutional investors own 62.92% of the company's stock.

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.