Eve Holding, Inc. (NYSE:EVEX) Short Interest Down 8.3% in July

Eve Holding, Inc. (NYSE:EVEX) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 1,330,000 shares, a decrease of 8.3% from the June 30th total of 1,450,000 shares. Based on an average daily trading volume, of 85,000 shares, the days-to-cover ratio is presently 15.6 days. Approximately 4.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EVE stock. Strs Ohio increased its position in Eve Holding, Inc. (NYSE:EVEX) by 3,883.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,800 shares of the company’s stock after acquiring an additional 46,600 shares during the quarter. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Down 3.5 %

NYSE EVEX traded down $0.12 during trading on Thursday, reaching $3.32. 109,391 shares of the company’s stock were exchanged, compared to its average volume of 64,826. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.28. EVE has a fifty-two week low of $3.15 and a fifty-two week high of $9.18. The company’s fifty day simple moving average is $4.07 and its 200-day simple moving average is $5.12. The firm has a market capitalization of $894.31 million, a PE ratio of -7.38 and a beta of 0.37.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.09) EPS for the quarter. Sell-side analysts predict that EVE will post -0.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on EVEX shares. Canaccord Genuity Group decreased their price objective on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $7.00 price target on shares of EVE in a research report on Monday, July 22nd.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.