AEye, Inc. (NASDAQ:LIDR) Short Interest Down 40.4% in May

AEye, Inc. (NASDAQ:LIDR) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,120,000 shares, a decline of 40.4% from the May 15th total of 1,880,000 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily trading volume, of 559,700 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On AEye

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in AEye during the fourth quarter valued at approximately $92,000. Two Sigma Investments LP grew its position in shares of AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock valued at $95,000 after purchasing an additional 61,437 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of AEye during the 4th quarter valued at $77,000. Two Sigma Securities LLC bought a new position in shares of AEye in the fourth quarter worth $66,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of AEye in the fourth quarter worth $43,000. 21.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of AEye from a “sell” rating to a “hold” rating in a report on Saturday, June 7th.

AEye Stock Performance

AEye stock traded up $0.05 during trading on Monday, hitting $0.82. The stock had a trading volume of 255,962 shares, compared to its average volume of 1,044,973. The stock’s 50 day moving average is $0.70 and its two-hundred day moving average is $0.90. AEye has a 1 year low of $0.49 and a 1 year high of $4.30. The stock has a market cap of $15.82 million, a price-to-earnings ratio of -0.17 and a beta of 2.63. The company has a quick ratio of 2.24, a current ratio of 2.26 and a debt-to-equity ratio of 0.01.

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.