Eve Holding, Inc. (NYSE:EVEX) Short Interest Down 42.8% in August

Key Points

• Eve Holding, Inc. experienced a significant 42.8% decline in short interest, falling from 5,070,000 shares to 2,900,000 shares as of August 31st.
• The company's EPS for the last quarter was reported at ($0.21), missing the consensus estimate of ($0.15) by $0.06.
• Brokerages have provided mixed outlooks on EVE, with a consensus target price of $6.58 and ratings ranging from "Buy" to "Hold."

Eve Holding, Inc. (NYSE:EVEX - Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,900,000 shares, a decline of 42.8% from the August 15th total of 5,070,000 shares. Based on an average daily volume of 766,300 shares, the days-to-cover ratio is presently 3.8 days. Approximately 5.7% of the shares of the company are short sold. Approximately 5.7% of the shares of the company are short sold. Based on an average daily volume of 766,300 shares, the days-to-cover ratio is presently 3.8 days.

Hedge Funds Weigh In On EVE

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in EVE in the fourth quarter worth about $34,000. KLP Kapitalforvaltning AS acquired a new position in shares of EVE in the first quarter valued at approximately $39,000. Arizona State Retirement System acquired a new stake in EVE in the 1st quarter valued at about $57,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of EVE in the 2nd quarter valued at about $69,000. Finally, Ethic Inc. acquired a new stake in EVE during the fourth quarter valued at approximately $74,000. Institutional investors own 1.27% of the company's stock.

Analyst Ratings Changes

EVEX has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price target on EVE from $7.00 to $6.75 and set a "buy" rating on the stock in a report on Wednesday, August 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 price objective on shares of EVE in a report on Monday, June 23rd. HC Wainwright raised their price objective on shares of EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, BTIG Research restated a "neutral" rating on shares of EVE in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.58.

EVE Price Performance

EVEX traded up $0.11 during midday trading on Friday, hitting $3.90. The company had a trading volume of 422,715 shares, compared to its average volume of 464,015. The company has a market capitalization of $1.17 billion, a PE ratio of -6.18 and a beta of 0.82. The firm's 50-day simple moving average is $5.24 and its 200-day simple moving average is $4.74. The company has a debt-to-equity ratio of 11.46, a quick ratio of 2.77 and a current ratio of 2.77. EVE has a twelve month low of $2.61 and a twelve month high of $7.70.

EVE (NYSE:EVEX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Equities research analysts predict that EVE will post -0.5 EPS for the current fiscal year.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.