AEye, Inc. (NASDAQ:LIDR) Short Interest Down 19.2% in March

AEye, Inc. (NASDAQ:LIDR) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,768,508 shares, a drop of 19.2% from the February 26th total of 2,189,655 shares. Based on an average daily volume of 409,214 shares, the short-interest ratio is currently 4.3 days. Currently, 4.5% of the company’s shares are sold short.

Hedge Funds Weigh In On AEye

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock worth $112,000 after buying an additional 6,873 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of AEye during the third quarter worth about $33,000. Flputnam Investment Management Co. acquired a new stake in shares of AEye in the 4th quarter worth about $40,000. Thompson Davis & CO. Inc. acquired a new stake in shares of AEye in the 2nd quarter worth about $34,000. Finally, Millennium Management LLC bought a new position in AEye in the 4th quarter valued at about $64,000. 21.58% of the stock is currently owned by institutional investors.

AEye Stock Down 4.1%

LIDR traded down $0.08 during midday trading on Monday, hitting $1.78. The company had a trading volume of 342,031 shares, compared to its average volume of 2,749,758. The stock’s 50 day moving average price is $1.76 and its 200 day moving average price is $2.22. AEye has a 52 week low of $0.49 and a 52 week high of $6.44. The company has a market capitalization of $80.50 million, a price-to-earnings ratio of -1.27 and a beta of 2.98.

AEye (NASDAQ:LIDR) last issued its earnings results on Monday, March 16th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. AEye had a negative return on equity of 64.69% and a negative net margin of 14,574.25%.The company had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.08 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research note on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

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.