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

Aeva Technologies, Inc. (NYSE:AEVA) saw a significant growth in short interest in the month of 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. Currently, 8.0% of the company’s stock are sold short. Based on an average daily volume of 449,600 shares, the days-to-cover ratio is presently 5.6 days.

Insiders Place Their Bets

In other news, Director Stephen Paul Zadesky sold 14,851 shares of the company’s 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 directly owns 83,764 shares in the company, valued at approximately $293,174. This represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.10% of the stock is currently owned by insiders.

Institutional Trading of Aeva Technologies

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AEVA. Craig Hallum lifted their price objective 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. Roth Mkm increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.53.

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock traded down $0.08 during trading on Tuesday, hitting $3.25. 351,439 shares of the stock were exchanged, compared to its average volume of 392,635. The stock has a market cap of $175.12 million, a PE ratio of -1.05 and a beta of 1.39. The stock’s fifty day moving average is $4.28 and its 200 day moving average is $3.87. Aeva Technologies has a 12 month low of $2.20 and a 12 month 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.