Vertical Aerospace Ltd. (NYSE:EVTL) Sees Large Growth in Short Interest

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 331,900 shares, an increase of 12.4% from the August 15th total of 295,400 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 224,400 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Ratings Changes

A number of brokerages have recently commented on EVTL. Canaccord Genuity Group reissued a “buy” rating and set a $1.50 price target on shares of Vertical Aerospace in a report on Friday. Deutsche Bank Aktiengesellschaft raised Vertical Aerospace from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1.00 to $1.50 in a report on Tuesday, July 23rd.

Vertical Aerospace Stock Up 0.6 %

Shares of NYSE:EVTL traded up $0.01 during mid-day trading on Monday, hitting $0.89. The stock had a trading volume of 321,219 shares, compared to its average volume of 309,901. Vertical Aerospace has a 12-month low of $0.51 and a 12-month high of $1.62. The company’s 50 day moving average is $0.86 and its 200-day moving average is $0.81.

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. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.