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

AEye, Inc. (NASDAQ:LIDR) saw 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. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 409,214 shares, the short-interest ratio is currently 4.3 days.

Institutional Trading of AEye

Hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in AEye during the 3rd quarter worth approximately $33,000. Flputnam Investment Management Co. acquired a new stake in shares of AEye during the 4th quarter valued at approximately $40,000. Thompson Davis & CO. Inc. bought a new position in AEye during the second quarter worth $34,000. Millennium Management LLC acquired a new position in AEye in the fourth quarter worth $64,000. Finally, Two Sigma Investments LP bought a new stake in AEye during the third quarter valued at $95,000. 21.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

AEye Price Performance

LIDR traded up $0.09 on Wednesday, reaching $1.90. The company’s stock had a trading volume of 988,450 shares, compared to its average volume of 2,702,346. AEye has a 1 year low of $0.49 and a 1 year high of $6.44. The business’s 50 day moving average is $1.75 and its 200 day moving average is $2.21. The stock has a market cap of $85.94 million, a price-to-earnings ratio of -1.34 and a beta of 2.98.

AEye (NASDAQ:LIDR) last announced its earnings results on Monday, March 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $0.08 million.

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.