Short Interest in Eve Holding, Inc. (NYSE:EVEX) Rises By 7.8%

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 5,820,000 shares, a growth of 7.8% from the January 15th total of 5,400,000 shares. Approximately 11.6% of the company's shares are sold short. Based on an average trading volume of 353,800 shares, the days-to-cover ratio is currently 16.4 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EVEX shares. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 target price on shares of EVE in a report on Tuesday, November 5th. Canaccord Genuity Group lifted their price objective on shares of EVE from $6.75 to $7.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, TD Cowen upgraded shares of EVE to a "hold" rating in a report on Thursday, December 19th.

EVE Trading Down 7.0 %

EVEX traded down $0.32 on Friday, reaching $4.19. 165,433 shares of the company traded hands, compared to its average volume of 194,155. EVE has a one year low of $2.33 and a one year high of $6.09. The firm has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $3.79. The company has a market cap of $1.25 billion, a P/E ratio of -8.72 and a beta of 0.41. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

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Institutional Investors Weigh In On EVE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. lifted its holdings in EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock valued at $29,000 after buying an additional 3,850 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of EVE by 118.0% in the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock valued at $30,000 after purchasing an additional 3,001 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of EVE in the 4th quarter valued at about $34,000. SG Americas Securities LLC bought a new stake in shares of EVE in the 3rd quarter valued at about $35,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of EVE in the 3rd quarter valued at about $40,000. Institutional investors own 1.27% of the company's stock.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.