Short Interest in BlackSky Technology Inc. (NYSE:BKSY) Increases By 22.1%

BlackSky Technology Inc. (NYSE:BKSY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,100,000 shares, an increase of 22.1% from the December 31st total of 1,720,000 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is presently 2.1 days.

Insider Buying and Selling

In other BlackSky Technology news, CFO Henry Edward Dubois sold 7,938 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now owns 420,779 shares in the company, valued at $4,481,296.35. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christiana L. Lin sold 5,550 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares in the company, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,086 shares of company stock valued at $245,866. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new stake in BlackSky Technology during the 3rd quarter valued at approximately $3,674,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology during the second quarter valued at $295,000. Perkins Capital Management Inc. purchased a new stake in BlackSky Technology in the third quarter valued at $1,114,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in BlackSky Technology during the fourth quarter worth $1,297,000. Finally, Rhumbline Advisers raised its position in shares of BlackSky Technology by 98.5% in the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock worth $339,000 after acquiring an additional 15,607 shares during the period. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Trading Up 11.6 %

BKSY traded up $1.57 during trading on Friday, hitting $15.14. 1,456,095 shares of the stock were exchanged, compared to its average volume of 1,694,126. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The firm has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $8.75. The firm has a market cap of $465.99 million, a price-to-earnings ratio of -6.68 and a beta of 1.16. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $17.39.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.05). The business had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $26.93 million. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. During the same period last year, the company earned ($0.96) earnings per share. As a group, equities analysts expect that BlackSky Technology will post -2.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. HC Wainwright dropped their target price on BlackSky Technology from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Craig Hallum raised shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $17.60.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.