Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,310,000 shares, an increase of 54.2% from the April 30th total of 849,700 shares. Currently, 1.9% of the company's stock are short sold. Based on an average daily volume of 276,200 shares, the days-to-cover ratio is presently 4.7 days.
Vertical Aerospace Price Performance
NYSE:EVTL traded down $0.21 during trading hours on Thursday, hitting $5.02. 289,204 shares of the company traded hands, compared to its average volume of 214,618. The firm's 50-day simple moving average is $4.22 and its 200-day simple moving average is $5.79. Vertical Aerospace has a one year low of $2.76 and a one year high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $4.44 earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $4.84. As a group, analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on EVTL shares. D. Boral Capital started coverage on shares of Vertical Aerospace in a research report on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target for the company. HC Wainwright assumed coverage on Vertical Aerospace in a research note on Friday, February 7th. They set a "buy" rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.10.
Check Out Our Latest Analysis on Vertical Aerospace
Institutional Investors Weigh In On Vertical Aerospace
Hedge funds have recently modified their holdings of the stock. Connective Capital Management LLC bought a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $189,000. Renaissance Technologies LLC bought a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $237,000. Bank of America Corp DE bought a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $264,000. Jane Street Group LLC bought a new stake in shares of Vertical Aerospace in the 4th quarter worth approximately $300,000. Finally, Goldman Sachs Group Inc. bought a new stake in Vertical Aerospace during the 1st quarter valued at $102,000. Institutional investors own 81.17% of the company's stock.
About Vertical Aerospace
(
Get Free Report)
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.
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