Short Interest in Eve Holding, Inc. (NYSE:EVEX) Decreases By 12.5%

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 3,710,000 shares, a decrease of 12.5% from the September 30th total of 4,240,000 shares. Approximately 7.5% of the company's shares are short sold. Based on an average daily volume of 275,000 shares, the days-to-cover ratio is presently 13.5 days.

EVE Stock Down 2.7 %

EVE stock traded down $0.09 during mid-day trading on Tuesday, reaching $3.30. 271,583 shares of the company were exchanged, compared to its average volume of 132,191. The business has a fifty day moving average of $3.04 and a 200 day moving average of $3.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.87 and a current ratio of 3.87. The firm has a market cap of $957.46 million, a P/E ratio of -7.02 and a beta of 0.36. EVE has a 12-month low of $2.33 and a 12-month high of $8.00.

EVE (NYSE:EVEX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Research analysts anticipate that EVE will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EVEX has been the topic of several research analyst reports. HC Wainwright assumed coverage on EVE in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $6.00 price objective on the stock. Canaccord Genuity Group lowered their target price on EVE from $9.00 to $8.50 and set a "buy" rating for the company in a report on Tuesday, July 2nd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 target price on shares of EVE in a report on Monday, September 30th.

Institutional Trading of EVE

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of EVE during the 3rd quarter valued at $35,000. Blair William & Co. IL acquired a new position in shares of EVE in the 2nd quarter valued at $190,000. Finally, Vanguard Group Inc. increased its position in shares of EVE by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company's stock valued at $2,796,000 after acquiring an additional 34,484 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

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.

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