AEye, Inc. (NASDAQ:LIDR) Short Interest Update

Key Points

• AEye, Inc. experienced a **38.7% decrease** in short interest, with 2,440,000 shares shorted as of August 15th.
• The stock price of AEye rose to **$2.81**, marking an increase in trading volume, with 2,050,882 shares exchanged on the day.
• **Wall Street Zen** downgraded AEye's rating from "hold" to "sell" on August 2nd, indicating a negative outlook from analysts.

AEye, Inc. (NASDAQ:LIDR - Get Free Report) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 2,440,000 shares, a drop of 38.7% from the July 31st total of 3,980,000 shares. Approximately 6.7% of the company's shares are short sold. Based on an average trading volume of 17,870,000 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 17,870,000 shares, the short-interest ratio is currently 0.1 days. Approximately 6.7% of the company's shares are short sold.

AEye Trading Down 0.4%

Shares of NASDAQ:LIDR traded down $0.01 during trading on Thursday, reaching $2.65. 4,110,922 shares of the company were exchanged, compared to its average volume of 5,502,529. The business's fifty day simple moving average is $2.42 and its 200-day simple moving average is $1.29. AEye has a 12-month low of $0.49 and a 12-month high of $6.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.91 and a current ratio of 1.93.

Insider Transactions at AEye

In other news, Director Luis Dussan sold 38,900 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $2.66, for a total value of $103,474.00. Following the completion of the sale, the director directly owned 199,932 shares of the company's stock, valued at $531,819.12. This trade represents a 16.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 45,084 shares of company stock worth $128,026 in the last quarter. Corporate insiders own 11.93% of the company's stock.

Institutional Investors Weigh In On AEye

A number of institutional investors and hedge funds have recently bought and sold shares of LIDR. Citadel Advisors LLC purchased a new stake in shares of AEye in the 4th quarter worth $92,000. Two Sigma Investments LP increased its stake in shares of AEye by 462.0% during the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock valued at $95,000 after buying an additional 61,437 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of AEye in the second quarter valued at about $34,000. Millennium Management LLC purchased a new stake in AEye in the fourth quarter worth about $32,000. Finally, Geode Capital Management LLC grew its holdings in AEye by 6.8% during the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock worth $112,000 after acquiring an additional 6,873 shares in the last quarter. 21.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of AEye from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Alliance Global Partners began coverage on shares of AEye in a research report on Monday. They issued a "buy" rating and a $6.00 price objective on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $6.00.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.