Firefly Aerospace, Inc. (NASDAQ:FLY) Sees Large Increase in Short Interest

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,610,000 shares, an increase of 83.1% from the August 31st total of 879,200 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 0.7 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 0.7 days.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $27.37 on Friday. Firefly Aerospace has a twelve month low of $26.05 and a twelve month high of $73.80.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. The Goldman Sachs Group started coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They issued a “neutral” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. started coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price objective on the stock. Jefferies Financial Group upgraded Firefly Aerospace to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Zacks Research upgraded Firefly Aerospace to a “hold” rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.