Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Down 41.9% in March

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 538,300 shares, a decline of 41.9% from the February 28th total of 926,300 shares. Currently, 6.4% of the shares of the stock are sold short. Based on an average daily volume of 2,460,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Sidus Space

A number of large investors have recently modified their holdings of SIDU. Vontobel Holding Ltd. acquired a new position in Sidus Space during the fourth quarter worth about $51,000. Virtu Financial LLC purchased a new position in Sidus Space in the 4th quarter worth approximately $157,000. Millennium Management LLC acquired a new position in shares of Sidus Space during the 4th quarter worth approximately $89,000. Jane Street Group LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at approximately $118,000. Finally, Northern Trust Corp acquired a new stake in shares of Sidus Space in the fourth quarter valued at approximately $111,000. Hedge funds and other institutional investors own 17.91% of the company’s stock.

Sidus Space Stock Down 3.2 %

NASDAQ SIDU traded down $0.05 during mid-day trading on Friday, hitting $1.50. The stock had a trading volume of 479,561 shares, compared to its average volume of 2,399,263. The firm’s 50 day moving average is $2.22 and its 200 day moving average is $2.46. Sidus Space has a twelve month low of $1.15 and a twelve month high of $7.65.

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.