Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Increases By 122.6%

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 16,286,222 shares, an increase of 122.6% from the May 31st total of 7,317,931 shares. Based on an average daily trading volume, of 24,594,477 shares, the short-interest ratio is currently 0.7 days. Currently, 24.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Sidus Space

Large investors have recently modified their holdings of the stock. Ground Swell Capital LLC bought a new stake in Sidus Space in the fourth quarter worth $33,000. Resurgent Financial Advisors LLC purchased a new position in Sidus Space during the fourth quarter worth $38,000. OMERS ADMINISTRATION Corp bought a new position in Sidus Space during the fourth quarter valued at $40,000. KPP Advisory Services LLC bought a new position in Sidus Space during the first quarter valued at $46,000. Finally, T3 Companies LLC purchased a new position in shares of Sidus Space in the 4th quarter valued at $53,000. Institutional investors own 17.91% of the company’s stock.

Sidus Space Trading Down 2.8%

Shares of NASDAQ:SIDU traded down $0.08 during trading on Wednesday, reaching $2.73. The company’s stock had a trading volume of 7,369,259 shares, compared to its average volume of 23,988,549. The stock has a market capitalization of $181.60 million, a PE ratio of -2.90 and a beta of -0.97. Sidus Space has a 12 month low of $0.63 and a 12 month high of $6.79. The firm’s 50 day simple moving average is $3.78 and its two-hundred day simple moving average is $3.12.

Sidus Space (NASDAQ:SIDU) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.08) earnings per share for the quarter. Sidus Space had a negative return on equity of 72.52% and a negative net margin of 806.85%.The company had revenue of $0.36 million for the quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SIDU. Weiss Ratings upgraded shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space has a consensus rating of “Sell”.

Sidus Space Company Profile

Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.

The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.