AEVEX Corp. (NYSE:AVEX) Short Interest Update

AEVEX Corp. (NYSE:AVEX) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,182,046 shares, a growth of ? from the April 15th total of 0 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 5,186,542 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

AVEX has been the subject of several research analyst reports. Needham & Company LLC initiated coverage on shares of AEVEX in a report on Tuesday, May 12th. They set a “buy” rating and a $45.00 target price for the company. Royal Bank Of Canada began coverage on AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price target for the company. Raymond James Financial began coverage on AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 price target for the company. Jefferies Financial Group began coverage on AEVEX in a report on Tuesday, May 12th. They set a “buy” rating and a $32.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on AEVEX in a report on Tuesday, May 12th. They set an “overweight” rating and a $33.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.25.

AEVEX Stock Up 14.8%

NYSE:AVEX traded up $3.68 during mid-day trading on Monday, reaching $28.55. 1,939,151 shares of the company’s stock were exchanged, compared to its average volume of 2,856,562. AEVEX has a one year low of $22.27 and a one year high of $42.34.

Insider Buying and Selling

In other AEVEX news, CFO Todd Booth bought 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, with a total value of $260,000.00. Following the acquisition, the chief financial officer owned 13,000 shares of the company’s stock, valued at $260,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Raduenz bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at $1,000,000. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 74,150 shares of company stock valued at $1,483,000.