Vertical Aerospace Ltd. (NYSE:EVTL) Sees Significant Increase in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 65,400 shares, an increase of 41.3% from the October 15th total of 46,300 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 41,100 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 price target on shares of Vertical Aerospace in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised Vertical Aerospace from a “hold” rating to a “buy” rating and increased their target price for the stock from $100.00 to $150.00 in a research report on Tuesday, July 23rd.

Vertical Aerospace Stock Down 15.3 %

Vertical Aerospace stock traded down $0.83 during mid-day trading on Friday, hitting $4.61. 67,586 shares of the company’s stock traded hands, compared to its average volume of 35,963. Vertical Aerospace has a one year low of $3.55 and a one year high of $12.79. The firm has a 50 day moving average price of $21.39 and a 200 day moving average price of $59.33.

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.