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

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

Hedge Funds Weigh In On AEye

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in AEye during the 4th quarter valued at about $43,000. Two Sigma Securities LLC bought a new stake in shares of AEye in the 4th quarter worth approximately $66,000. Virtu Financial LLC purchased a new position in shares of AEye during the fourth quarter valued at approximately $77,000. Finally, Geode Capital Management LLC raised its holdings in shares of AEye by 19.7% during the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after acquiring an additional 12,779 shares in the last quarter. 21.58% of the stock is owned by institutional investors.

AEye Trading Down 0.4 %

NASDAQ:LIDR traded down $0.00 during midday trading on Friday, reaching $0.84. 299,568 shares of the stock traded hands, compared to its average volume of 2,280,151. The stock has a market capitalization of $7.66 million, a P/E ratio of -0.10 and a beta of 2.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.24 and a current ratio of 2.26. The company has a fifty day moving average of $1.26 and a 200 day moving average of $1.19. AEye has a 12 month low of $0.78 and a 12 month high of $5.15.

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.