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

AEye, Inc. (NASDAQ:LIDR) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,761,764 shares, a growth of 46.4% from the August 31st total of 1,886,991 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average trading volume of 14,596,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LIDR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research report on Monday, September 21st. Wall Street Zen raised AEye from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.50.

AEye Trading Up 0.4%

Shares of LIDR stock opened at $1.18 on Friday. AEye has a 12-month low of $1.01 and a 12-month high of $4.00. The firm’s 50 day moving average is $1.23 and its 200 day moving average is $1.55. The stock has a market capitalization of $54.84 million, a P/E ratio of -1.35 and a beta of 2.70.

AEye (NASDAQ:LIDR) last announced its earnings results on Thursday, August 6th. The company reported ($0.17) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.17). The business had revenue of $0.20 million during the quarter, compared to analyst estimates of $0.18 million. AEye had a negative net margin of 7,786.44% and a negative return on equity of 42.98%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Littlejohn & Co. LLC bought a new stake in shares of AEye during the 2nd quarter valued at about $258,000. Renaissance Technologies LLC increased its position in shares of AEye by 1,836.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,394,472 shares of the company’s stock valued at $2,524,000 after purchasing an additional 1,322,472 shares during the last quarter. Finally, Connective Capital Management LLC purchased a new stake in shares of AEye during the 4th quarter valued at about $256,000. Institutional investors own 21.58% of the company’s stock.

AEye Company Profile

AEye, Inc develops high-performance, software-defined lidar systems for advanced driver-assistance systems (ADAS), autonomous vehicles and industrial applications. Its technology is designed to help vehicles and machines detect, classify and track objects, supporting perception and decision-making in complex environments.

The company’s product portfolio has included adaptive lidar sensors and related perception software, with systems intended for applications such as highway driving, automated trucking, smart infrastructure and other industrial uses.