Eve Holding, Inc. (NYSE:EVEX) Short Interest Down 5.9% in October

Eve Holding, Inc. (NYSE:EVEX) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 656,500 shares, a drop of 5.9% from the October 15th total of 698,000 shares. Based on an average daily trading volume, of 82,600 shares, the days-to-cover ratio is currently 7.9 days. Currently, 2.7% of the shares of the company are sold short.

Institutional Investors Weigh In On EVE

Several large investors have recently added to or reduced their stakes in EVEX. Strs Ohio bought a new stake in EVE during the second quarter valued at $39,000. Royal Bank of Canada bought a new stake in EVE during the second quarter valued at $52,000. Citigroup Inc. bought a new stake in EVE during the second quarter valued at $56,000. California State Teachers Retirement System bought a new stake in EVE during the second quarter valued at $63,000. Finally, Wells Fargo & Company MN bought a new stake in EVE during the second quarter valued at $78,000. Institutional investors own 0.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued a “neutral” rating and issued a $7.00 target price on shares of EVE in a research report on Tuesday, August 1st.

EVE Price Performance

Shares of NYSE EVEX opened at $7.47 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of -19.66 and a beta of 0.63. EVE has a fifty-two week low of $5.10 and a fifty-two week high of $11.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.62 and a current ratio of 5.62. The stock has a fifty day moving average of $7.87 and a 200-day moving average of $8.47.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. Equities research analysts anticipate that EVE will post -0.48 earnings per share for the current year.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.