AEye, Inc. (NASDAQ:LIDR) Sees Significant Increase in Short Interest

AEye, Inc. (NASDAQ:LIDR) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,460,000 shares, an increase of 67.1% from the January 31st total of 873,700 shares. Based on an average daily trading volume, of 3,100,000 shares, the short-interest ratio is presently 0.5 days. Approximately 8.7% of the company’s shares are sold short.

AEye Trading Down 8.6 %

LIDR traded down $0.05 during trading on Monday, hitting $0.58. 471,106 shares of the company’s stock were exchanged, compared to its average volume of 3,720,589. AEye has a 1 year low of $0.57 and a 1 year high of $5.15. The stock has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.15. The firm has a market cap of $10.76 million, a P/E ratio of -0.12 and a beta of 2.79. The company has a current ratio of 2.26, a quick ratio of 2.24 and a debt-to-equity ratio of 0.01.

AEye (NASDAQ:LIDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.91) earnings per share for the quarter. AEye had a negative return on equity of 169.57% and a negative net margin of 17,554.46%. The business had revenue of $0.05 million for the quarter.

Hedge Funds Weigh In On AEye

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of AEye by 19.7% during the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after purchasing an additional 12,779 shares during the period. Two Sigma Investments LP increased its stake in AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock worth $95,000 after buying an additional 61,437 shares during the period. Citadel Advisors LLC acquired a new position in AEye in the 4th quarter worth $92,000. Virtu Financial LLC purchased a new position in AEye in the 4th quarter valued at about $77,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of AEye during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 21.58% of the company’s stock.

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.