Short Interest in Firefly Aerospace, Inc. (NASDAQ:FLY) Increases By 17.6%

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 9,181,514 shares, a growth of 17.6% from the March 31st total of 7,807,766 shares. Based on an average daily trading volume, of 8,561,491 shares, the short-interest ratio is currently 1.1 days. Approximately 5.7% of the shares of the company are sold short.

Firefly Aerospace Price Performance

Firefly Aerospace stock traded down $0.80 during midday trading on Friday, hitting $33.80. The company’s stock had a trading volume of 3,312,081 shares, compared to its average volume of 6,400,529. Firefly Aerospace has a 12 month low of $16.00 and a 12 month high of $73.80. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.41 billion and a PE ratio of -3.68. The stock’s 50-day moving average price is $28.90 and its 200-day moving average price is $25.52.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.10. The company had revenue of $57.67 million for the quarter. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The firm’s quarterly revenue was up 541.1% on a year-over-year basis. Analysts anticipate that Firefly Aerospace will post -1.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a research note on Thursday, March 12th. Wall Street Zen upgraded Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings lowered Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Roth Mkm increased their target price on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Cantor Fitzgerald lowered their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Insider Transactions at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at approximately $6,429,820.32. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Firefly Aerospace

Hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new stake in Firefly Aerospace in the 1st quarter worth approximately $748,000. Penney Financial LLC purchased a new position in shares of Firefly Aerospace during the 1st quarter valued at $649,000. SG Americas Securities LLC increased its stake in shares of Firefly Aerospace by 96.1% in the first quarter. SG Americas Securities LLC now owns 19,065 shares of the company’s stock worth $543,000 after acquiring an additional 9,344 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Firefly Aerospace during the first quarter worth $220,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Firefly Aerospace during the fourth quarter valued at $136,000.

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.