Vertical Aerospace Ltd. (NYSE:EVTL) Short Interest Update

Vertical Aerospace Ltd. (NYSE:EVTL) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 85,300 shares, an increase of 30.4% from the October 31st total of 65,400 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 68,400 shares, the short-interest ratio is currently 1.2 days.

Analyst Ratings Changes

A number of analysts recently commented on EVTL shares. 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. Canaccord Genuity Group upped their price target on Vertical Aerospace from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Raymond James reissued a “market perform” rating on shares of Vertical Aerospace in a research note on Tuesday, November 26th.

Vertical Aerospace Stock Up 16.2 %

EVTL stock opened at $10.10 on Monday. Vertical Aerospace has a one year low of $3.55 and a one year high of $12.79. The firm has a 50-day moving average of $7.16 and a two-hundred day moving average of $54.57.

About Vertical Aerospace

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.