Short Interest in HawkEye 360, Inc. (NYSE:HAWK) Grows By 61.3%

HawkEye 360, Inc. (NYSE:HAWK) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,046,600 shares, an increase of 61.3% from the May 14th total of 1,268,837 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 772,943 shares, the days-to-cover ratio is presently 2.6 days.

HawkEye 360 Trading Down 7.0%

HAWK stock traded down $1.75 during midday trading on Tuesday, hitting $23.37. The company’s stock had a trading volume of 266,388 shares, compared to its average volume of 1,180,689. HawkEye 360 has a 1 year low of $23.07 and a 1 year high of $35.73. The stock has a market cap of $2.18 billion, a P/E ratio of -11.46 and a beta of 0.72.

Wall Street Analyst Weigh In

HAWK has been the subject of several analyst reports. Jefferies Financial Group raised HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday. Bank of America began coverage on HawkEye 360 in a research report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price objective on the stock. Morgan Stanley began coverage on HawkEye 360 in a research report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price objective on the stock. William Blair began coverage on HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating on the stock. Finally, Wall Street Zen cut HawkEye 360 from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Insider Activity at HawkEye 360

In related news, Director Francis Alphonse Finelli acquired 9,615 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $26.00 per share, with a total value of $249,990.00. Following the completion of the purchase, the director directly owned 9,615 shares in the company, valued at $249,990. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by company insiders.

About HawkEye 360

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.