AEye, Inc. (NASDAQ:LIDRW) Sees Significant Drop in Short Interest

AEye, Inc. (NASDAQ:LIDRW) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 29,500 shares, a decline of 32.0% from the September 30th total of 43,400 shares. Based on an average daily trading volume, of 158,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 158,900 shares, the days-to-cover ratio is currently 0.2 days.

AEye Stock Down 4.3%

Shares of LIDRW stock traded down $0.01 during midday trading on Tuesday, reaching $0.15. 7,479 shares of the company were exchanged, compared to its average volume of 105,470. AEye has a 12 month low of $0.01 and a 12 month high of $0.58. The company’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.13.

AEye (NASDAQ:LIDRW) last released its quarterly earnings results on Monday, March 28th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.28 million for the quarter.

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, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.