EVe Mobility Acquisition (NYSE:EVE) Trading Up 0.5% – What’s Next?

EVe Mobility Acquisition Corp (NYSE:EVE) was up 0.5% during trading on Thursday . The stock traded as high as $11.30 and last traded at $11.30. Approximately 360 shares traded hands during trading, a decline of 99% from the average daily volume of 33,030 shares. The stock had previously closed at $11.24.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on shares of EVe Mobility Acquisition from $5.50 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th.

EVe Mobility Acquisition Price Performance

The company’s 50-day moving average is $11.20 and its two-hundred day moving average is $11.11.

Institutional Investors Weigh In On EVe Mobility Acquisition

An institutional investor recently raised its position in EVe Mobility Acquisition stock. Virtu Financial LLC lifted its position in EVe Mobility Acquisition Corp (NYSE:EVE) by 335.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,027 shares of the company’s stock after acquiring an additional 72,428 shares during the quarter. Virtu Financial LLC owned approximately 0.60% of EVe Mobility Acquisition worth $1,045,000 at the end of the most recent reporting period.

About EVe Mobility Acquisition

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.