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

Eve Holding, Inc. (NYSE:EVEX) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,213,927 shares, a drop of 12.6% from the December 31st total of 5,962,692 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 1,045,312 shares, the short-interest ratio is presently 5.0 days. Based on an average trading volume of 1,045,312 shares, the short-interest ratio is presently 5.0 days. Approximately 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in EVE by 56.9% during the fourth quarter. UBS Group AG now owns 799,049 shares of the company’s stock worth $3,188,000 after acquiring an additional 289,813 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of EVE during the 4th quarter worth about $94,000. Oak Thistle LLC acquired a new stake in EVE during the 4th quarter worth approximately $54,000. SG Americas Securities LLC acquired a new stake in EVE during the 4th quarter worth approximately $45,000. Finally, Polar Asset Management Partners Inc. purchased a new position in EVE in the third quarter valued at approximately $2,568,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Price Performance

EVEX opened at $3.80 on Tuesday. EVE has a 1 year low of $2.83 and a 1 year high of $7.70. The company’s 50 day simple moving average is $4.41 and its 200 day simple moving average is $4.56. The stock has a market capitalization of $1.32 billion, a PE ratio of -5.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21.

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

Wall Street Analyst Weigh In

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