AEye, Inc. (NASDAQ:LIDR) Short Interest Up 39.5% in March

AEye, Inc. (NASDAQ:LIDR) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 338,000 shares, an increase of 39.5% from the March 15th total of 242,300 shares. Based on an average daily trading volume, of 298,300 shares, the days-to-cover ratio is currently 1.1 days. Currently, 6.4% of the company’s shares are short sold.

Institutional Investors Weigh In On AEye

Institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in AEye in the 2nd quarter worth approximately $25,000. Mount Yale Investment Advisors LLC lifted its stake in shares of AEye by 205.3% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 122,107 shares of the company’s stock valued at $26,000 after purchasing an additional 82,107 shares during the period. UBS Group AG purchased a new position in shares of AEye in the 1st quarter valued at approximately $26,000. Voya Investment Management LLC purchased a new position in shares of AEye in the 4th quarter valued at approximately $27,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of AEye by 240.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,660 shares of the company’s stock valued at $28,000 after purchasing an additional 10,354 shares during the period. Hedge funds and other institutional investors own 21.58% of the company’s stock.

AEye Stock Performance

NASDAQ LIDR opened at $1.12 on Friday. AEye has a fifty-two week low of $1.04 and a fifty-two week high of $24.00. The stock has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $3.11. The stock has a market cap of $7.28 million, a P/E ratio of -0.08 and a beta of 2.18.

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, Germany, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.