Firefly Aerospace, Inc. (NASDAQ:FLY) Short Interest Update

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,716,690 shares, an increase of 36.4% from the December 15th total of 3,458,143 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,514,282 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 3,514,282 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Firefly Aerospace

A number of hedge funds have recently bought and sold shares of the business. Canal Insurance CO purchased a new stake in shares of Firefly Aerospace during the 3rd quarter valued at about $293,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at $293,000. Teacher Retirement System of Texas purchased a new position in shares of Firefly Aerospace in the 3rd quarter worth $3,836,000. LBP AM SA purchased a new stake in Firefly Aerospace during the third quarter valued at $1,795,000. Finally, Phoenix Financial Ltd. bought a new position in Firefly Aerospace in the third quarter valued at about $14,468,000.

Firefly Aerospace Trading Up 12.3%

NASDAQ:FLY traded up $3.66 on Monday, reaching $33.41. 5,008,749 shares of the stock traded hands, compared to its average volume of 3,558,997. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $5.32 billion and a P/E ratio of -4.59. Firefly Aerospace has a 12 month low of $16.00 and a 12 month high of $73.80. The stock’s fifty day moving average is $22.39.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The company’s revenue for the quarter was up 37.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLY. KeyCorp initiated coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. The Goldman Sachs Group started coverage on Firefly Aerospace in a report on Thursday, November 20th. They set a “neutral” rating and a $29.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and dropped their price target for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. Finally, Roth Capital reissued a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.29.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.