AEye, Inc. (NASDAQ:LIDR) Sees Large Decrease in Short Interest

AEye, Inc. (NASDAQ:LIDR) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,170,000 shares, a drop of 22.5% from the February 28th total of 1,510,000 shares. Approximately 7.0% of the company’s shares are sold short. Based on an average daily volume of 3,050,000 shares, the short-interest ratio is currently 0.4 days.

AEye Trading Up 1.7 %

Shares of LIDR traded up $0.01 during mid-day trading on Wednesday, reaching $0.59. The company had a trading volume of 143,684 shares, compared to its average volume of 2,009,528. AEye has a fifty-two week low of $0.51 and a fifty-two week high of $5.15. The firm has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $1.06. The stock has a market cap of $11.03 million, a price-to-earnings ratio of -0.13 and a beta of 2.84. 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 issued its earnings results on Thursday, February 20th. The company reported ($0.91) earnings per share for the quarter. AEye had a negative net margin of 17,554.46% and a negative return on equity of 169.57%. The firm had revenue of $0.05 million during the quarter.

Hedge Funds Weigh In On AEye

Several hedge funds and other institutional investors have recently modified their holdings of LIDR. Millennium Management LLC purchased a new stake in AEye during the 4th quarter worth $32,000. Commonwealth Equity Services LLC purchased a new stake in shares of AEye during the 4th quarter valued at about $43,000. Two Sigma Securities LLC purchased a new position in AEye in the 4th quarter worth approximately $66,000. Virtu Financial LLC acquired a new stake in AEye in the fourth quarter valued at approximately $77,000. Finally, Citadel Advisors LLC purchased a new stake in shares of AEye during the fourth quarter valued at approximately $92,000. 21.58% of the stock is owned by institutional investors and hedge funds.

AEye Company Profile

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.