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Short Interest Update for Archer Aviation Inc. (NYSE:ACHR)

Short Interest Update for Archer Aviation Inc. (NYSE:ACHR)

During December, there was a discernible decrease in the number of short positions taken on Archer Aviation Inc. (NYSE: ACHR). As of November 30, there were 11,250,000 shares available for a short sale, but as of December 15, there were only 10,470,000 shares available for a short sale. This represents a 6.9% decrease from the total shares available for a short sale as of November 30. As a result, 8.3% of the company’s total shares are available for a short sale on the market. As a result, the current short-interest ratio is 7.9 days, calculated based on the average daily volume of shares traded is 1,320,000. In other words, the current short-interest ratio can be calculated as follows:
Large investors have recently been active in the stock market, buying and selling equities. Nikko Asset Management Americas Inc. increased the amount of Archer Aviation stock owned by 1.0% over the second quarter of 2018. Nikko Asset Management Americas Inc. has made an additional purchase of 50,040 shares over the past three months, bringing the total number of shares of the company’s stock that it has obtained to 5,270,793, with a value of $16,181,000. This brings the total number of shares of the company’s stock that it has obtained to 5,270,793. During the second quarter, Sumitomo Mitsui Trust Holdings Inc. made a new investment of 16,234,000 to buy Archer Aviation shares, which resulted in the company’s acquiring a new share position. During the second quarter, BG Investment Services Inc. completed the purchase of a new investment in Archer Aviation. It is estimated that this new holding is worth approximately $46,000. During the second quarter, Capital Wealth Alliance LLC saw a 546.3% increase in the number of shares of Archer Aviation that it had in its portfolio. Capital Wealth Alliance LLC purchased an additional 56,633 shares of the company’s stock throughout the quarter. This brought the total number of shares directly owned by the company to 67,000, with a value of $66,000 for those shares. Last but not least, during the second quarter, BBR Partners LLC spent nearly thirty thousand dollars to acquire an additional investment in Archer Aviation. Institutional investors and investors who participate in hedge funds own a combined total of 41.51% of the company’s outstanding shares of stock.
On Thursday, October 20, significant shareholder Brett Adcock sold 11,319 shares of Archer Aviation stock. Relatedly, this announcement was made on Thursday. The transaction took place at the beginning of the previous week. The total value of the transaction involving the stock was $31,693.20, and the price at which each share was sold was, on average, $2.80. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. Insiders of the company sold 867,300 shares with a value of $2,265,441 over the previous ninety days. The total number of shares of stock owned by the company that the company’s insiders control is 30.67%.
On Wednesday morning, the price of a share of ACHR stock was $1.93 when the market opened. 14.05 is the value of the quick ratio. It is impossible to differentiate between the current ratio, the debt-to-equity ratio, and the quick ratio. The ratio of debt to equity is 0.02, which is very low. In the last year, the price of Archer Aviation has ranged from a low of $1.62 to a high of $6.24. The current price of Archer Aviation is $1.62. The company’s simple moving average over the past fifty days is $2.33, and the company’s simple moving average over the past two hundred days is $3.02.
The most recent quarterly earnings report for Archer Aviation was released on November 10, and it can be found on the NYSE under the ticker symbol “ACHR.” In addition, Archer Aviation shares can be purchased by visiting this website. The actual earnings per share for the period were $0.38 for the company, which was $0.03 higher than the consensus estimate of $0.41 per share. According to forecasts from analysts covering the aviation industry, Archer Aviation will likely generate earnings of $1.41 per share during the current financial year.
Recent studies have concentrated their attention on the ACHR, which has resulted in several investigations being conducted into the organization. JPMorgan Chase & Co. lowered their price objective on Archer Aviation shares on Tuesday, October 18, in a research report published online. The new price objective is $5.00, down from $7.00. The analyst firm also gave the company an “overweight” rating. Barclays categorized Archer Aviation’s business as “equal weight” in a report on the company’s operations published on November 15. The investment bank lowered its target price for the business from $4.00 to $3.50. There are currently three analysts who have suggested that investors purchase the stock, while only one has recommended that investors keep their current position. The consensus recommendation for the company is a “Moderate Buy,” and the average price objective is currently set at $8.10 per share, as reported by Bloomberg.com.

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