Vertical Aerospace Ltd. (NYSE:EVTL - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,310,000 shares, a growth of 54.2% from the April 30th total of 849,700 shares. Based on an average daily volume of 276,200 shares, the days-to-cover ratio is presently 4.7 days. Approximately 1.9% of the shares of the stock are sold short.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. D. Boral Capital initiated coverage on Vertical Aerospace in a research note on Thursday, March 27th. They issued a "buy" rating and a $15.00 price target for the company. HC Wainwright initiated coverage on Vertical Aerospace in a report on Friday, February 7th. They set a "buy" rating and a $12.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Vertical Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $11.10.
Read Our Latest Stock Analysis on EVTL
Institutional Trading of Vertical Aerospace
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Vertical Aerospace during the 1st quarter valued at $102,000. XTX Topco Ltd purchased a new stake in Vertical Aerospace during the 1st quarter valued at $131,000. Connective Capital Management LLC purchased a new stake in Vertical Aerospace during the 4th quarter valued at $189,000. Renaissance Technologies LLC purchased a new stake in Vertical Aerospace during the 4th quarter valued at $237,000. Finally, Bank of America Corp DE purchased a new stake in Vertical Aerospace during the 4th quarter valued at $264,000. Hedge funds and other institutional investors own 81.17% of the company's stock.
Vertical Aerospace Stock Down 1.6%
Shares of EVTL traded down $0.08 during mid-day trading on Tuesday, hitting $5.01. 361,769 shares of the stock were exchanged, compared to its average volume of 212,366. Vertical Aerospace has a 52-week low of $2.76 and a 52-week high of $15.99. The firm has a 50-day moving average of $4.16 and a two-hundred day moving average of $5.80.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $4.84. As a group, equities analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.
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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