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

AEye, Inc. (NASDAQ:LIDR) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 873,700 shares, an increase of 43.4% from the January 15th total of 609,200 shares. Based on an average daily volume of 2,990,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 6.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On AEye

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in AEye by 19.7% during the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock valued at $99,000 after acquiring an additional 12,779 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of AEye in the 4th quarter valued at $66,000. Commonwealth Equity Services LLC purchased a new stake in shares of AEye in the 4th quarter valued at $43,000. Finally, Virtu Financial LLC bought a new position in shares of AEye during the 4th quarter valued at $77,000. Institutional investors own 21.58% of the company’s stock.

AEye Price Performance

LIDR stock traded down $0.00 during midday trading on Friday, reaching $0.84. The company had a trading volume of 299,568 shares, compared to its average volume of 2,280,151. The firm has a 50-day moving average price of $1.26 and a 200-day moving average price of $1.19. The company has a market capitalization of $7.66 million, a P/E ratio of -0.10 and a beta of 2.79. AEye has a 1 year low of $0.78 and a 1 year high of $5.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.26 and a quick ratio of 2.24.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.