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

AEye, Inc. (NASDAQ:LIDR) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,900,179 shares, a decline of 15.7% from the December 31st total of 3,439,722 shares. Based on an average daily volume of 967,132 shares, the short-interest ratio is currently 3.0 days. Currently, 7.3% of the shares of the stock are short sold. Currently, 7.3% of the shares of the stock are short sold. Based on an average daily volume of 967,132 shares, the short-interest ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on LIDR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research note on Monday, December 29th. Wall Street Zen upgraded shares of AEye from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AEye has a consensus rating of “Hold” and a consensus target price of $6.00.

Insiders Place Their Bets

In other AEye news, Director Luis Dussan sold 32,000 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2.40, for a total transaction of $76,800.00. Following the completion of the transaction, the director owned 134,132 shares in the company, valued at $321,916.80. This trade represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.93% of the company’s stock.

Institutional Trading of AEye

Several institutional investors and hedge funds have recently modified their holdings of LIDR. Benjamin Edwards Inc. purchased a new position in AEye during the 3rd quarter worth $1,026,000. Thompson Davis & CO. Inc. bought a new position in shares of AEye during the 2nd quarter worth $34,000. UBS Group AG increased its stake in shares of AEye by 657.5% during the third quarter. UBS Group AG now owns 307,696 shares of the company’s stock valued at $766,000 after buying an additional 267,075 shares during the period. Vanguard Group Inc. increased its stake in shares of AEye by 819.6% during the third quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock valued at $1,685,000 after buying an additional 603,241 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of AEye in the fourth quarter valued at about $1,460,000. Institutional investors own 21.58% of the company’s stock.

AEye Trading Up 3.1%

NASDAQ:LIDR opened at $1.65 on Wednesday. The company has a market cap of $74.35 million, a price-to-earnings ratio of -0.76 and a beta of 2.97. AEye has a twelve month low of $0.49 and a twelve month high of $6.44. The stock has a fifty day simple moving average of $2.19 and a 200-day simple moving average of $2.51.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The firm had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.04 million. AEye had a negative net margin of 19,320.88% and a negative return on equity of 102.95%.

AEye Company Profile

AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.

The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.