Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Grows By 53.8%

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 8,586,518 shares, a growth of 53.8% from the January 15th total of 5,581,301 shares. Based on an average daily trading volume, of 26,259,962 shares, the short-interest ratio is presently 0.3 days. Approximately 13.6% of the shares of the company are short sold. Approximately 13.6% of the shares of the company are short sold. Based on an average daily trading volume, of 26,259,962 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SIDU shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. Wall Street Zen raised shares of Sidus Space from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SIDU. Ground Swell Capital LLC acquired a new position in shares of Sidus Space in the 4th quarter worth approximately $33,000. Resurgent Financial Advisors LLC bought a new position in Sidus Space in the 4th quarter valued at $38,000. T3 Companies LLC bought a new position in Sidus Space in the 4th quarter valued at $53,000. Global Retirement Partners LLC acquired a new position in Sidus Space in the fourth quarter worth $69,000. Finally, LPL Financial LLC bought a new stake in shares of Sidus Space during the fourth quarter worth $81,000. Institutional investors own 17.91% of the company’s stock.

Sidus Space Stock Performance

Shares of NASDAQ:SIDU opened at $2.17 on Friday. The company’s fifty day moving average is $2.67 and its 200-day moving average is $1.63. Sidus Space has a 52 week low of $0.63 and a 52 week high of $5.39. The company has a market capitalization of $144.35 million, a PE ratio of -1.68 and a beta of -1.64.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.30 million for the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

About Sidus Space

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.