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

AEye, Inc. (NASDAQ:LIDR) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 873,700 shares, a growth of 43.4% from the January 15th total of 609,200 shares. Based on an average trading volume of 2,990,000 shares, the short-interest ratio is currently 0.3 days. Approximately 6.2% of the company’s shares are sold short.

Hedge Funds Weigh In On AEye

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIDR. Commonwealth Equity Services LLC acquired a new position in shares of AEye in the 4th quarter worth approximately $43,000. Two Sigma Securities LLC acquired a new position in AEye during the 4th quarter valued at approximately $66,000. Virtu Financial LLC acquired a new position in AEye during the 4th quarter valued at approximately $77,000. Finally, Geode Capital Management LLC boosted its position in AEye by 19.7% during the 4th 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. 21.58% of the stock is owned by hedge funds and other institutional investors.

AEye Trading Down 0.4 %

Shares of LIDR stock traded down $0.00 on Friday, reaching $0.84. 299,568 shares of the stock were exchanged, compared to its average volume of 2,280,151. The stock has a market cap of $7.66 million, a P/E ratio of -0.10 and a beta of 2.79. The company has a quick ratio of 2.24, a current ratio of 2.26 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.19. AEye has a 1-year low of $0.78 and a 1-year high of $5.15.

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.