Short Interest in AEye, Inc. (NASDAQ:LIDR) Decreases By 15.7%

AEye, Inc. (NASDAQ:LIDR) was the target of 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. Approximately 7.3% of the company’s shares are short sold. Based on an average daily trading volume, of 967,132 shares, the short-interest ratio is currently 3.0 days. Based on an average daily trading volume, of 967,132 shares, the short-interest ratio is currently 3.0 days. Approximately 7.3% of the company’s shares are short sold.

Insider Buying and Selling

In related news, Director Luis Dussan sold 32,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2.40, for a total transaction of $76,800.00. Following the transaction, the director directly owned 134,132 shares in the company, valued at approximately $321,916.80. This represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of AEye during the third quarter worth about $33,000. Thompson Davis & CO. Inc. bought a new position in AEye during the 2nd quarter worth approximately $34,000. Two Sigma Investments LP acquired a new position in shares of AEye in the 3rd quarter worth approximately $95,000. Geode Capital Management LLC increased its holdings in shares of AEye by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock valued at $112,000 after acquiring an additional 6,873 shares during the last quarter. Finally, Bogart Wealth LLC acquired a new stake in shares of AEye during the 4th quarter valued at approximately $166,000. 21.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIDR. Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research report on Monday, December 29th. Wall Street Zen raised shares of AEye from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.00.

AEye Trading Down 7.3%

LIDR opened at $1.64 on Monday. AEye has a twelve month low of $0.49 and a twelve month high of $6.44. The firm has a market cap of $73.90 million, a price-to-earnings ratio of -0.76 and a beta of 2.97. The company has a fifty day simple moving average of $2.22 and a 200 day simple moving average of $2.50.

AEye (NASDAQ:LIDR) last announced its earnings results on Friday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07. AEye had a negative return on equity of 102.95% and a negative net margin of 19,320.88%.The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.04 million.

About AEye

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.