<div id="readability-page-1"><p>Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 79,100,000 shares, an increase of 6.7% from the July 31st total of 74,110,000 shares. Approximately 20.4% of the shares of the stock are sold short. Based on an average daily volume of 6,580,000 shares, the short-interest ratio is currently 12.0 days.</p><div><p><span></span><span>Get <strong>Joby Aviation</strong> alerts:</span></p></div><h2>Insider Buying and Selling at Joby Aviation</h2><ul><li>Archer Aviation Stumbles on Q2 Earnings, But Potential Remains </li></ul><p>In related news, CEO Joeben Bevirt sold 250,000 shares of the firm's stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $4.86, for a total value of $1,215,000.00. Following the sale, the chief executive officer now directly owns 32,724,274 shares of the company's stock, valued at $159,039,971.64. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this link. In other news, insider Didier Papadopoulos sold 23,188 shares of the company's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the completion of the transaction, the insider now directly owns 54,666 shares in the company, valued at $265,676.76. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CEO Joeben Bevirt sold 250,000 shares of the firm's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $4.86, for a total value of $1,215,000.00. Following the sale, the chief executive officer now directly owns 32,724,274 shares in the company, valued at approximately $159,039,971.64. The disclosure for this sale can be found here. Insiders sold a total of 326,032 shares of company stock worth $1,613,336 over the last three months. Corporate insiders own 32.40% of the company's stock. </p><h2>Institutional Trading of Joby Aviation</h2><p>Large investors have recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new stake in shares of Joby Aviation during the 2nd quarter valued at about $165,000. Algert Global LLC bought a new position in shares of Joby Aviation during the 2nd quarter worth approximately $90,000. Susquehanna Fundamental Investments LLC grew its position in shares of Joby Aviation by 1,018.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company's stock worth $3,453,000 after buying an additional 616,579 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Joby Aviation by 28.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 248,275 shares of the company's stock valued at $1,266,000 after acquiring an additional 55,340 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Joby Aviation by 52.0% during the 2nd quarter. Xponance Inc. now owns 25,614 shares of the company's stock valued at $131,000 after acquiring an additional 8,759 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Forget Robotaxis: Electric Air Taxis are the Next Big Investment</li></ul><p>A number of research analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an &#34;overweight&#34; rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Monday, August 19th. Canaccord Genuity Group dropped their price target on shares of Joby Aviation from $11.00 to $10.50 and set a &#34;buy&#34; rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase &amp; Co. boosted their price objective on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a &#34;neutral&#34; rating in a research note on Wednesday, July 24th.</p><p><b>Check Out Our Latest Research Report on JOBY</b></p><h2>Joby Aviation Price Performance</h2><ul><li>MarketBeat Week in Review – 7/29 - 8/2</li></ul><p>Shares of Joby Aviation stock traded down $0.14 during midday trading on Monday, reaching $5.00. The company had a trading volume of 5,227,900 shares, compared to its average volume of 5,545,266. The stock has a fifty day moving average price of $5.52 and a 200 day moving average price of $5.28. Joby Aviation has a fifty-two week low of $4.50 and a fifty-two week high of $7.69. The firm has a market cap of $3.54 billion, a PE ratio of -6.58 and a beta of 2.00. </p><p>Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.28 million. During the same quarter last year, the firm posted ($0.17) EPS. As a group, sell-side analysts forecast that Joby Aviation will post -0.69 EPS for the current year. </p><h2>About Joby Aviation</h2> (Get Free Report)<p>Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Joby Aviation</li><li>Transportation Stocks Investing</li><li>Autodesk Stock: Analysts' Top AI Pick You Shouldn’t Overlook</li><li>ESG Stocks, What Investors Should Know</li><li>Hidden Opportunities in Li Auto’s Tough Quarter You Can’t Miss</li><li>How to Read Stock Charts for Beginners</li><li>Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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JOBY

<p>Joby Aviation, Inc. (NYSE:JOBY) experienced a 6.7% increase in short interest in August, totaling 79.1 million shares. Currently, 20.4% of its shares are sold short, with a short-interest ratio of 12.0 days based on an average trading volume of 6.58 million shares. Insider trading includes CEO Joeben Bevirt selling 250,000 shares. Institutional investors hold 45.54% of the shares, and analysts have varying ratings, with Cantor Fitzgerald maintaining an 'overweight' rating and a target of $10.</p>

Joby Aviation, Inc. (NYSE:JOBY) Short Interest Up 6.7% in August