Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Rises By 130.4%

Sidus Space, Inc. (NASDAQ:SIDU) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,240,000 shares, an increase of 130.4% from the March 15th total of 538,300 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average trading volume of 1,460,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Sidus Space by 747.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock valued at $28,000 after purchasing an additional 4,957 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in Sidus Space in the fourth quarter worth about $51,000. XTX Topco Ltd bought a new stake in Sidus Space during the 4th quarter valued at approximately $58,000. Millennium Management LLC purchased a new position in shares of Sidus Space during the 4th quarter worth approximately $89,000. Finally, Northern Trust Corp bought a new position in shares of Sidus Space in the 4th quarter worth approximately $111,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

Sidus Space Price Performance

SIDU opened at $1.34 on Thursday. The stock’s 50 day simple moving average is $1.84 and its 200 day simple moving average is $2.32. The firm has a market cap of $24.53 million, a price-to-earnings ratio of -0.36 and a beta of -1.46. Sidus Space has a 1 year low of $1.14 and a 1 year high of $7.65.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.00) by $1.61. The business had revenue of $0.94 million for the quarter, compared to analyst estimates of $4.90 million. Sidus Space had a negative net margin of 291.96% and a negative return on equity of 129.87%.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.