AEVEX Corp. (NYSE:AVEX) Short Interest Update

AEVEX Corp. (NYSE:AVEX) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,182,046 shares, an increase of ∞ from the April 15th total of 0 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 5,186,542 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of AEVEX in a report on Tuesday, May 12th. They set a “buy” rating and a $34.00 price target on the stock. William Blair assumed coverage on shares of AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating on the stock. Wall Street Zen raised shares of AEVEX to a “hold” rating in a report on Saturday, April 25th. Robert W. Baird started coverage on shares of AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating and a $38.00 price target on the stock. Finally, Royal Bank Of Canada started coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.25.

Insider Activity

In related news, insider Brett P. Hush purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of $20.00 per share, with a total value of $200,000.00. Following the acquisition, the insider directly owned 10,000 shares in the company, valued at $200,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Raduenz purchased 50,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $1,000,000.00. Following the acquisition, the director owned 50,000 shares in the company, valued at approximately $1,000,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 74,150 shares of company stock valued at $1,483,000 in the last 90 days.

AEVEX Trading Up 14.8%

Shares of NYSE:AVEX opened at $28.55 on Tuesday. AEVEX has a twelve month low of $22.27 and a twelve month high of $42.34.