Archer Aviation

ACHR

Archer Aviation is a publicly traded company headquartered in San Jose, California, which is developing eVTOL aircraft.Its eVTOL aircraft are planned to transport people in and around cities in an air taxi service and are claimed to have a range of up to 100 miles (160 km) at speeds of up to 150 miles per hour (240 km/h). United Airlines is its first major corporate partner, having ordered two hundred Archer electric aircraft.

Archer Aviation has been a target of short sellers for a while. The current short interest of 12.69% is roughly at the average of the last 12 months (12.13%).