Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Up 74.5% in December

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,165,878 shares, an increase of 74.5% from the November 30th total of 2,960,462 shares. Currently, 21.5% of the shares of the company are sold short. Based on an average trading volume of 4,757,239 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 4,757,239 shares, the short-interest ratio is presently 1.1 days. Currently, 21.5% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities research analysts have commented on SIDU shares. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sidus Space

A number of hedge funds have recently made changes to their positions in SIDU. Jane Street Group LLC acquired a new stake in shares of Sidus Space in the second quarter worth approximately $95,000. XTX Topco Ltd purchased a new position in Sidus Space in the 2nd quarter valued at $168,000. Finally, Geode Capital Management LLC boosted its stake in Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after purchasing an additional 26,498 shares during the last quarter. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Price Performance

Shares of SIDU stock opened at $1.93 on Friday. Sidus Space has a 1-year low of $0.63 and a 1-year high of $6.75. The company has a market cap of $49.12 million, a price-to-earnings ratio of -1.50 and a beta of -1.31. The stock has a 50 day simple moving average of $1.05 and a 200-day simple moving average of $1.26.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%. The company had revenue of $1.30 million during the quarter.

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.