Short Interest in AEye, Inc. (NASDAQ:LIDR) Drops By 34.7%

AEye, Inc. (NASDAQ:LIDR) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 3,031,762 shares, a decline of 34.7% from the May 14th total of 4,640,690 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average trading volume of 983,420 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in shares of AEye during the 3rd quarter worth about $33,000. Flputnam Investment Management Co. acquired a new position in shares of AEye during the 4th quarter worth about $40,000. Millennium Management LLC acquired a new position in shares of AEye during the 4th quarter worth about $64,000. Two Sigma Investments LP acquired a new position in shares of AEye during the 3rd quarter worth about $95,000. Finally, Renaissance Technologies LLC increased its stake in shares of AEye by 289.2% during the 4th quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $132,000 after purchasing an additional 53,500 shares during the last quarter. 21.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Craig Hallum assumed coverage on AEye in a research report on Friday, April 24th. They issued a “buy” rating and a $3.50 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research report on Friday, March 27th. Finally, Wall Street Zen raised AEye from a “sell” rating to a “hold” rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, AEye currently has an average rating of “Hold” and an average target price of $4.75.

AEye Trading Down 1.6%

Shares of NASDAQ:LIDR traded down $0.03 during trading on Tuesday, hitting $1.58. 390,598 shares of the company were exchanged, compared to its average volume of 2,981,903. The stock has a market cap of $73.36 million, a price-to-earnings ratio of -1.39 and a beta of 2.75. AEye has a fifty-two week low of $0.71 and a fifty-two week high of $6.44. The firm has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.94.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.28 million. AEye had a negative return on equity of 49.42% and a negative net margin of 12,698.89%.

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.