Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Grows By 122.6%

Sidus Space, Inc. (NASDAQ:SIDU) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 16,286,222 shares, an increase of 122.6% from the May 31st total of 7,317,931 shares. Based on an average daily volume of 24,594,477 shares, the short-interest ratio is presently 0.7 days. Currently, 24.5% of the shares of the company are sold short.

Institutional Trading of Sidus Space

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after buying an additional 26,498 shares in the last quarter. XTX Topco Ltd purchased a new position in Sidus Space in the 2nd quarter valued at approximately $168,000. Jane Street Group LLC purchased a new position in Sidus Space in the 2nd quarter valued at approximately $95,000. SG Americas Securities LLC bought a new stake in Sidus Space during the 4th quarter valued at $118,000. Finally, Thompson Davis & CO. Inc. bought a new stake in Sidus Space during the 4th quarter valued at $194,000. Institutional investors own 17.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Sidus Space from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Sidus Space from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Sidus Space Stock Performance

Shares of SIDU opened at $2.87 on Tuesday. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $6.79. The business has a 50-day moving average of $3.83 and a 200 day moving average of $3.11. The firm has a market cap of $190.91 million, a P/E ratio of -3.05 and a beta of -0.97.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.36 million for the quarter. Sidus Space had a negative net margin of 806.85% and a negative return on equity of 72.52%.

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.