Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Update

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 8,486,867 shares, an increase of 64.3% from the December 15th total of 5,165,878 shares. Currently, 25.5% of the company’s stock are short sold. Based on an average daily volume of 103,206,664 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 103,206,664 shares, the short-interest ratio is presently 0.1 days. Currently, 25.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Sidus Space

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

Sidus Space Trading Down 9.2%

NASDAQ:SIDU opened at $3.37 on Friday. The firm has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $1.48. The stock has a market capitalization of $118.79 million, a price-to-earnings ratio of -2.61 and a beta of -1.64. Sidus Space has a 12 month low of $0.63 and a 12 month high of $5.39.

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

Wall Street Analysts Forecast Growth

SIDU has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.