EVe Mobility Acquisition (NYSE:EVE) Trading Down 0.1%

Shares of EVe Mobility Acquisition Corp (NYSE:EVE) fell 0.1% during trading on Tuesday . The stock traded as low as $10.99 and last traded at $10.99. 7,222 shares were traded during trading, a decline of 82% from the average session volume of 40,291 shares. The stock had previously closed at $11.00.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on shares of EVe Mobility Acquisition from $13.50 to $12.50 and set an “overweight” rating for the company in a research report on Thursday, March 21st.

EVe Mobility Acquisition Stock Performance

The company’s 50-day simple moving average is $10.92 and its 200 day simple moving average is $10.83.

Hedge Funds Weigh In On EVe Mobility Acquisition

Several hedge funds have recently modified their holdings of EVE. Westchester Capital Management LLC increased its holdings in shares of EVe Mobility Acquisition by 179.8% during the third quarter. Westchester Capital Management LLC now owns 839,250 shares of the company’s stock valued at $8,963,000 after acquiring an additional 539,250 shares in the last quarter. Berkley W R Corp increased its holdings in EVe Mobility Acquisition by 218.1% in the 1st quarter. Berkley W R Corp now owns 629,320 shares of the company’s stock worth $6,567,000 after buying an additional 431,500 shares during the period. Periscope Capital Inc. acquired a new position in EVe Mobility Acquisition in the 3rd quarter worth approximately $2,733,000. Boothbay Fund Management LLC acquired a new position in EVe Mobility Acquisition in the 1st quarter worth approximately $2,391,000. Finally, First Trust Capital Management L.P. increased its holdings in EVe Mobility Acquisition by 70.6% in the 4th quarter. First Trust Capital Management L.P. now owns 511,800 shares of the company’s stock worth $5,272,000 after buying an additional 211,800 shares during the period.

About EVe Mobility Acquisition

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.