Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,500,000 shares, a growth of 44.5% from the January 31st total of 1,730,000 shares. Based on an average daily trading volume, of 449,600 shares, the days-to-cover ratio is presently 5.6 days. Currently, 8.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AEVA. Roth Mkm raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Craig Hallum raised their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Aeva Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $10.53.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the transaction, the director now owns 83,764 shares of the company’s stock, valued at $293,174. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 29.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parkwood LLC raised its holdings in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares during the last quarter. Jane Street Group LLC increased its position in Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after acquiring an additional 623,889 shares during the period. LPL Financial LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $451,000. Geode Capital Management LLC raised its stake in Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after acquiring an additional 76,044 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after acquiring an additional 56,107 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Stock Performance

AEVA stock opened at $3.25 on Wednesday. The stock’s fifty day moving average is $4.26 and its two-hundred day moving average is $3.87. The stock has a market capitalization of $175.12 million, a price-to-earnings ratio of -1.05 and a beta of 1.39. Aeva Technologies has a 1 year low of $2.20 and a 1 year high of $7.25.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.