Vertical Aerospace Ltd. (NYSE:EVTL) Sees Large Growth in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 612,700 shares, an increase of 24.5% from the January 31st total of 492,100 shares. Currently, 0.9% of the company's stock are sold short. Based on an average daily trading volume, of 443,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Vertical Aerospace

Hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC bought a new stake in shares of Vertical Aerospace in the fourth quarter valued at $189,000. Renaissance Technologies LLC bought a new stake in shares of Vertical Aerospace in the fourth quarter valued at $237,000. Bank of America Corp DE bought a new stake in shares of Vertical Aerospace in the fourth quarter valued at $264,000. Jane Street Group LLC bought a new stake in shares of Vertical Aerospace in the fourth quarter valued at $300,000. Finally, Marshall Wace LLP bought a new stake in shares of Vertical Aerospace in the fourth quarter valued at $630,000. 81.17% of the stock is currently owned by institutional investors.

Vertical Aerospace Stock Performance

Vertical Aerospace stock traded down $0.05 during mid-day trading on Friday, reaching $4.03. 203,127 shares of the company's stock were exchanged, compared to its average volume of 149,005. The business's fifty day simple moving average is $6.74 and its 200 day simple moving average is $19.31. Vertical Aerospace has a one year low of $3.55 and a one year high of $15.99.

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Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly 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). As a group, analysts anticipate that Vertical Aerospace will post -3.95 EPS for the current year.

Wall Street Analysts Forecast Growth

EVTL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price 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. Raymond James reaffirmed a "market perform" rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Canaccord Genuity Group cut their target price on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research report on Friday, January 24th. HC Wainwright started coverage on Vertical Aerospace in a research report on Friday, February 7th. They set a "buy" rating and a $12.00 target price on the stock. Finally, Barclays lifted their price target on Vertical Aerospace from $0.75 to $2.00 and gave the stock an "underweight" rating in a report on Thursday, November 21st. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.13.

About Vertical Aerospace

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.