AEye, Inc. (NASDAQ:LIDR) Short Interest Update

AEye, Inc. (NASDAQ:LIDR) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 4,201,333 shares, a growth of 88.9% from the April 15th total of 2,224,409 shares. Currently, 10.5% of the company’s stock are sold short. Based on an average daily trading volume, of 10,623,388 shares, the days-to-cover ratio is currently 0.4 days.

AEye Trading Down 4.6%

AEye stock traded down $0.09 on Tuesday, hitting $1.78. 251,309 shares of the stock traded hands, compared to its average volume of 3,345,980. The firm has a market cap of $80.49 million, a P/E ratio of -1.57 and a beta of 2.80. The business’s fifty day simple moving average is $1.87 and its 200 day simple moving average is $2.02. AEye has a 1 year low of $0.68 and a 1 year high of $6.44.

AEye (NASDAQ:LIDR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $0.10 million for the quarter, compared to analysts’ expectations of $0.28 million. AEye had a negative net margin of 12,698.89% and a negative return on equity of 49.42%.

Analyst Upgrades and Downgrades

LIDR has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research report on Friday, March 27th. Craig Hallum initiated coverage on AEye in a research report on Friday, April 24th. They set a “buy” rating and a $3.50 price objective for the company. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.75.

Hedge Funds Weigh In On AEye

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position 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 worth $112,000 after purchasing an additional 6,873 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of AEye in the 3rd quarter worth about $33,000. Flputnam Investment Management Co. purchased a new position in shares of AEye in the 4th quarter worth about $40,000. Millennium Management LLC bought a new position in AEye in the 4th quarter valued at approximately $64,000. Finally, Two Sigma Investments LP bought a new position in AEye in the 3rd quarter valued at approximately $95,000. Hedge funds and other institutional investors own 21.58% of the company’s stock.

AEye Company Profile

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.