AEye, Inc. (NASDAQ:LIDR) Sees Significant Growth in Short Interest

Key Points

• AEye, Inc. experienced a dramatic increase in short interest, rising by 160.1% from 1,530,000 to 3,980,000 shares in July, which represents 14.4% of the total shares.
• Wall Street Zen downgraded AEye's stock rating from "hold" to "sell" on August 2nd, indicating increasing bearish sentiment.
• Institutional investors are active in AEye, with major stakes growing—most notably, Two Sigma Investments LP increased its stake by 462.0% in the last quarter.

AEye, Inc. (NASDAQ:LIDR - Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,980,000 shares, anincreaseof160.1% from the July 15th total of 1,530,000 shares. Based on an average daily trading volume, of 16,710,000 shares, the days-to-cover ratio is currently 0.2 days. Currently,14.4% of the company's shares are short sold. Currently,14.4% of the company's shares are short sold. Based on an average daily trading volume, of 16,710,000 shares, the days-to-cover ratio is currently 0.2 days.

AEye Trading Down 1.2%

NASDAQ LIDR traded down $0.03 during trading on Wednesday, reaching $2.46. 800,368 shares of the stock traded hands, compared to its average volume of 8,266,505. The firm has a market cap of $98.25 million, a price-to-earnings ratio of -0.86 and a beta of 3.00. The stock's 50-day moving average price is $1.75 and its 200 day moving average price is $1.06. The company has a quick ratio of 1.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. AEye has a fifty-two week low of $0.49 and a fifty-two week high of $6.44.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of AEye from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in AEye by 6.8% in the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock valued at $112,000 after buying an additional 6,873 shares in the last quarter. Two Sigma Investments LP lifted its stake in AEye by 462.0% in 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 in the last quarter. Citadel Advisors LLC bought a new position in AEye in the fourth quarter valued at approximately $92,000. Two Sigma Securities LLC bought a new position in AEye in the fourth quarter valued at approximately $66,000. Finally, Thompson Davis & CO. Inc. bought a new position in AEye in the second quarter valued at approximately $34,000. Institutional investors own 21.58% of the company's stock.

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.