Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 451,300 shares, a growth of 17.3% from the February 29th total of 384,700 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 527,500 shares, the short-interest ratio is presently 0.9 days.
Vertical Aerospace Stock Performance
Vertical Aerospace stock traded down $0.03 during midday trading on Friday, reaching $1.14. The stock had a trading volume of 438,217 shares, compared to its average volume of 520,438. The company has a fifty day moving average of $0.74 and a 200 day moving average of $0.84. Vertical Aerospace has a 52-week low of $0.51 and a 52-week high of $2.29.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised shares of Vertical Aerospace from a "hold" rating to a "buy" rating and upped their target price for the stock from $1.00 to $1.50 in a report on Tuesday, February 20th.
Read Our Latest Research Report on Vertical Aerospace
Hedge Funds Weigh In On Vertical Aerospace
Institutional investors have recently modified their holdings of the stock. Nomura Holdings Inc. purchased a new position in shares of Vertical Aerospace during the third quarter worth approximately $177,000. Barclays PLC bought a new position in shares of Vertical Aerospace during the second quarter valued at approximately $46,000. JPMorgan Chase & Co. bought a new position in shares of Vertical Aerospace during the first quarter valued at approximately $198,000. Polar Capital Holdings Plc bought a new position in shares of Vertical Aerospace during the first quarter valued at approximately $154,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Vertical Aerospace during the fourth quarter valued at approximately $121,000. 81.17% of the stock is owned by hedge funds and other institutional investors.
Vertical Aerospace Company Profile
(
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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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
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