Eve Holding, Inc. (NYSE:EVEX) Short Interest Down 12.6% in January

Eve Holding, Inc. (NYSE:EVEX) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 5,213,927 shares, a decline of 12.6% from the December 31st total of 5,962,692 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 1,045,312 shares, the days-to-cover ratio is currently 5.0 days. Based on an average trading volume of 1,045,312 shares, the days-to-cover ratio is currently 5.0 days. Approximately 1.5% of the company’s stock are short sold.

Hedge Funds Weigh In On EVE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of EVE by 117.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock worth $19,914,000 after purchasing an additional 2,824,536 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in EVE in the third quarter valued at approximately $9,608,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of EVE in the 3rd quarter valued at $9,382,000. Centiva Capital LP acquired a new position in EVE in the third quarter valued at about $5,104,000. Finally, Masters Capital Management LLC lifted its holdings in shares of EVE by 52.5% in the 3rd quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock worth $11,620,000 after acquiring an additional 1,050,000 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Trading Down 1.6%

Shares of NYSE:EVEX opened at $3.74 on Wednesday. EVE has a 52-week low of $2.83 and a 52-week high of $7.70. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -5.76 and a beta of 0.83. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $4.41 and a 200-day moving average price of $4.54.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. Equities analysts predict that EVE will post -0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EVEX shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a report on Monday, November 24th. The Goldman Sachs Group assumed coverage on EVE in a research note on Monday, December 1st. They set a “neutral” rating and a $4.84 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. Canaccord Genuity Group raised their price target on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EVE presently has an average rating of “Hold” and a consensus target price of $6.47.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.