Vertical Aerospace Ltd. (NYSE:EVTL – Get Rating) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 536,100 shares, an increase of 19.0% from the December 31st total of 450,600 shares. Based on an average daily volume of 359,500 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the company's shares are sold short.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EVTL. Barclays decreased their price objective on Vertical Aerospace from $5.00 to $4.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft cut their target price on Vertical Aerospace from $8.00 to $5.00 in a research note on Wednesday, November 16th.
Get Vertical Aerospace alerts:Vertical Aerospace Trading Down 5.1 %
Shares of EVTL traded down $0.11 during mid-day trading on Monday, reaching $2.06. 1,291,037 shares of the company's stock traded hands, compared to its average volume of 607,297. The stock's 50-day moving average is $3.21 and its two-hundred day moving average is $5.49. Vertical Aerospace has a 12 month low of $1.99 and a 12 month high of $11.95. The company has a current ratio of 8.01, a quick ratio of 8.01 and a debt-to-equity ratio of 0.03.
Vertical Aerospace (NYSE:EVTL – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.78) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Vertical Aerospace will post -0.83 earnings per share for the current year.Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC grew its stake in Vertical Aerospace by 54.4% in the first quarter. Penserra Capital Management LLC now owns 10,358 shares of the company's stock worth $72,000 after purchasing an additional 3,651 shares in the last quarter. Polar Capital Holdings Plc purchased a new stake in shares of Vertical Aerospace during the 1st quarter valued at $154,000. State Street Corp purchased a new stake in shares of Vertical Aerospace during the 3rd quarter valued at $246,000. Johnson & White Wealth Management LLC purchased a new stake in shares of Vertical Aerospace during the 4th quarter valued at $1,251,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Vertical Aerospace during the 1st quarter valued at $198,000. Institutional investors own 1.42% of the company's stock.
Vertical Aerospace Company Profile
(Get Rating)
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. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
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