Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Up 13.3% in December

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,870,000 shares, a growth of 13.3% from the November 30th total of 1,650,000 shares. Based on an average daily trading volume, of 357,900 shares, the short-interest ratio is presently 5.2 days. Currently, 6.0% of the shares of the company are sold short.

Insider Buying and Selling

In other Aeva Technologies news, CTO Mina Rezk sold 70,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $4.12, for a total value of $288,400.00. Following the transaction, the chief technology officer now directly owns 8,766,669 shares of the company's stock, valued at $36,118,676.28. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 107,795 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.49, for a total transaction of $483,999.55. Following the transaction, the chief executive officer now directly owns 4,097,013 shares in the company, valued at approximately $18,395,588.37. The trade was a 2.56 % decrease in their position. The disclosure for this sale can be found here. 29.10% of the stock is currently owned by insiders.

Institutional Trading of Aeva Technologies

A number of large investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock worth $98,000 after acquiring an additional 21,964 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock worth $2,013,000 after purchasing an additional 76,044 shares in the last quarter. State Street Corp increased its holdings in 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 buying an additional 23,593 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Aeva Technologies by 3.9% in the third 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 in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in Aeva Technologies by 82.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company's stock worth $68,000 after buying an additional 12,227 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AEVA shares. Craig Hallum increased their price target on Aeva Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a report 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 research note on Thursday, November 7th. Two 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 presently has an average rating of "Moderate Buy" and a consensus price target of $10.53.

Aeva Technologies Stock Performance

AEVA remained flat at $4.75 during mid-day trading on Wednesday. The company had a trading volume of 635,459 shares, compared to its average volume of 322,246. The company has a market cap of $255.94 million, a P/E ratio of -1.54 and a beta of 1.43. The firm's fifty day moving average price is $4.24 and its two-hundred day moving average price is $3.46. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.25.

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.