AEye, Inc. (NASDAQ:LIDR) Short Interest Up 39.5% in March

AEye, Inc. (NASDAQ:LIDR) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 338,000 shares, a growth of 39.5% from the March 15th total of 242,300 shares. Based on an average trading volume of 298,300 shares, the short-interest ratio is presently 1.1 days. Currently, 6.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. UBS Group AG bought a new position in shares of AEye in the first quarter valued at approximately $26,000. Royal Bank of Canada lifted its holdings in shares of AEye by 52.0% in the first quarter. Royal Bank of Canada now owns 9,651 shares of the company’s stock valued at $53,000 after purchasing an additional 3,301 shares in the last quarter. HighTower Advisors LLC bought a new stake in AEye during the first quarter worth $57,000. Verition Fund Management LLC bought a new stake in AEye during the second quarter worth $25,000. Finally, JPMorgan Chase & Co. lifted its holdings in AEye by 240.5% during the second quarter. JPMorgan Chase & Co. now owns 14,660 shares of the company’s stock worth $28,000 after acquiring an additional 10,354 shares during the period. Institutional investors own 21.58% of the company’s stock.

AEye Stock Performance

Shares of AEye stock opened at $1.12 on Friday. AEye has a 52 week low of $1.04 and a 52 week high of $24.00. The stock has a 50 day moving average price of $1.36 and a two-hundred day moving average price of $3.11. The stock has a market capitalization of $7.28 million, a PE ratio of -0.08 and a beta of 2.18.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Germany, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.