Vertical Aerospace Ltd. (NYSE:EVTL) Sees Large Growth in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 85,300 shares, an increase of 30.4% from the October 31st total of 65,400 shares. Based on an average daily trading volume, of 68,400 shares, the days-to-cover ratio is currently 1.2 days. Currently, 3.4% of the company’s stock are sold short.

Vertical Aerospace Stock Performance

EVTL stock opened at $10.10 on Monday. The stock’s 50 day moving average is $7.16 and its two-hundred day moving average is $54.57. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $12.79.

Analyst Ratings Changes

A number of research firms have weighed in on EVTL. Raymond James restated a “market perform” rating on shares of Vertical Aerospace in a report on Tuesday, November 26th. Canaccord Genuity Group upped their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a research note on Thursday, November 21st.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.