Sidus Space, Inc. (NASDAQ:SIDU) Sees Large Growth in Short Interest

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,240,000 shares, an increase of 130.4% from the March 15th total of 538,300 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Sidus Space

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Heights Capital Management Inc. purchased a new stake in shares of Sidus Space in the 4th quarter worth about $2,367,000. Geode Capital Management LLC increased its stake in shares of Sidus Space by 139.2% during the fourth quarter. Geode Capital Management LLC now owns 86,984 shares of the company’s stock valued at $426,000 after purchasing an additional 50,614 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sidus Space in the 4th quarter worth approximately $157,000. Jane Street Group LLC purchased a new stake in shares of Sidus Space in the 4th quarter worth approximately $118,000. Finally, Northern Trust Corp bought a new position in Sidus Space during the 4th quarter valued at approximately $111,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

Sidus Space Trading Down 0.7 %

Shares of NASDAQ SIDU opened at $1.37 on Wednesday. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $2.33. The firm has a market capitalization of $25.08 million, a PE ratio of -0.37 and a beta of -1.46. Sidus Space has a 12 month low of $1.14 and a 12 month high of $7.65.

Sidus Space (NASDAQ:SIDU) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($2.00) by $1.61. Sidus Space had a negative net margin of 291.96% and a negative return on equity of 129.87%. The business had revenue of $0.94 million during the quarter, compared to analyst estimates of $4.90 million.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.