Eve Holding, Inc. (NYSE:EVEX) Short Interest Update

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,510,000 shares, a decrease of 5.4% from the October 15th total of 3,710,000 shares. Approximately 7.1% of the company's stock are sold short. Based on an average daily volume of 294,700 shares, the days-to-cover ratio is currently 11.9 days.

Institutional Trading of EVE

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company's stock worth $2,796,000 after acquiring an additional 34,484 shares during the period. Blair William & Co. IL bought a new position in shares of EVE during the 2nd quarter worth about $190,000. SG Americas Securities LLC bought a new position in shares of EVE during the 3rd quarter worth about $35,000. Geode Capital Management LLC lifted its holdings in shares of EVE by 65.4% during the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company's stock worth $2,754,000 after acquiring an additional 336,133 shares during the period. Finally, Barclays PLC lifted its holdings in shares of EVE by 594.1% during the 3rd quarter. Barclays PLC now owns 43,931 shares of the company's stock worth $141,000 after acquiring an additional 37,602 shares during the period. 1.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on EVEX shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $5.00 target price on shares of EVE in a research note on Tuesday, November 5th. HC Wainwright started coverage on shares of EVE in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $6.00 target price on the stock.

EVE Stock Performance

EVE stock traded down $0.07 during mid-day trading on Monday, reaching $2.93. The company had a trading volume of 87,669 shares, compared to its average volume of 138,101. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. EVE has a 52 week low of $2.33 and a 52 week high of $7.57. The company has a 50 day moving average of $3.13 and a 200-day moving average of $3.62. The firm has a market cap of $872.09 million, a price-to-earnings ratio of -6.10 and a beta of 0.37.

EVE (NYSE:EVEX - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. During the same quarter in the prior year, the company earned ($0.11) earnings per share. On average, sell-side analysts expect that EVE will post -0.5 EPS for the current fiscal year.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.