Aeva Technologies, Inc. (NYSE:AEVA) Short Interest Update

Aeva Technologies, Inc. (NYSE:AEVA) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,130,000 shares, a growth of 22.7% from the October 15th total of 2,550,000 shares. Approximately 10.1% of the company’s stock are short sold. Based on an average daily volume of 259,700 shares, the days-to-cover ratio is currently 12.1 days.

Insider Activity

In related news, CEO Soroush Salehian Dardashti sold 85,601 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.84, for a total value of $243,106.84. Following the sale, the chief executive officer now owns 4,379,207 shares of the company’s stock, valued at approximately $12,436,947.88. The trade was a 1.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.12, for a total value of $288,400.00. Following the completion of the sale, the chief technology officer now directly owns 8,766,669 shares of the company’s stock, valued at $36,118,676.28. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 205,279 shares of company stock worth $658,186 over the last 90 days. 29.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after buying an additional 76,044 shares in the last quarter. State Street Corp grew its holdings in shares of Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares during the last quarter. Magnetar Financial LLC bought a new stake in Aeva Technologies during the first quarter valued at approximately $633,000. Finally, Bank of New York Mellon Corp grew its stake in Aeva Technologies by 40.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after buying an additional 21,865 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AEVA shares. Craig Hallum lifted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Roth Mkm lifted their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Westpark Capital restated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.53.

Aeva Technologies Stock Down 1.1 %

AEVA stock traded down $0.04 during mid-day trading on Friday, reaching $3.73. 222,361 shares of the company traded hands, compared to its average volume of 351,266. The company has a fifty day moving average price of $3.54 and a 200-day moving average price of $3.22. Aeva Technologies has a 52-week low of $2.20 and a 52-week high of $7.25.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.