Short Interest in Vertical Aerospace Ltd. (NYSE:EVTL) Rises By 66.3%

Vertical Aerospace Ltd. (NYSE:EVTL) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 246,600 shares, a growth of 66.3% from the December 15th total of 148,300 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 181,600 shares, the short-interest ratio is presently 1.4 days.

Vertical Aerospace Stock Performance

Vertical Aerospace stock traded up $0.80 during midday trading on Friday, reaching $10.02. The stock had a trading volume of 98,807 shares, compared to its average volume of 300,082. Vertical Aerospace has a 52-week low of $3.55 and a 52-week high of $15.99. The company has a fifty day moving average of $8.22 and a 200 day moving average of $39.56.

Vertical Aerospace (NYSE:EVTL) last issued its quarterly earnings results on Friday, December 20th. The company reported ($1.92) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.58). Research analysts forecast that Vertical Aerospace will post -4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVTL. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Vertical Aerospace in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vertical Aerospace from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Barclays boosted their target price on shares of Vertical Aerospace from $0.75 to $2.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Finally, Raymond James reiterated a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.