Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Update

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 492,100 shares, a growth of 56.0% from the January 15th total of 315,400 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 401,800 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Vertical Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Connective Capital Management LLC purchased a new position in shares of Vertical Aerospace during the fourth quarter valued at $189,000. Renaissance Technologies LLC bought a new position in Vertical Aerospace during the 4th quarter worth about $237,000. Bank of America Corp DE purchased a new position in Vertical Aerospace during the 4th quarter valued at about $264,000. Jane Street Group LLC purchased a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $300,000. Finally, Marshall Wace LLP bought a new position in shares of Vertical Aerospace during the fourth quarter valued at approximately $630,000. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EVTL. Canaccord Genuity Group decreased their price target on shares of Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research note on Friday, January 24th. Barclays increased their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an "underweight" rating in a report on Thursday, November 21st. HC Wainwright assumed coverage on Vertical Aerospace in a research note on Friday, February 7th. They set a "buy" rating and a $12.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on Vertical Aerospace from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, December 3rd. Finally, Raymond James reiterated a "market perform" rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Vertical Aerospace presently has an average rating of "Hold" and a consensus price target of $10.13.

Vertical Aerospace Trading Down 5.5 %

EVTL stock traded down $0.30 during trading on Wednesday, hitting $5.11. The company had a trading volume of 415,233 shares, compared to its average volume of 608,555. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $15.99. The company has a 50 day simple moving average of $7.85 and a 200-day simple moving average of $25.43.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its earnings results on Friday, December 20th. The company reported ($1.92) EPS for the quarter, missing analysts' consensus estimates of ($1.34) by ($0.58). On average, research analysts anticipate that Vertical Aerospace will post -3.95 EPS for the current year.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.