Spire Global, Inc. (NYSE:SPIR) Short Interest Update

Spire Global, Inc. (NYSE:SPIR) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,173,856 shares, an increase of 70.6% from the March 31st total of 3,619,050 shares. Based on an average daily volume of 3,727,843 shares, the short-interest ratio is presently 1.7 days. Approximately 21.6% of the company’s shares are sold short.

Insider Buying and Selling

In related news, CTO Johann Gabriel Oehme sold 12,757 shares of Spire Global stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $108,817.21. Following the completion of the sale, the chief technology officer directly owned 221,203 shares of the company’s stock, valued at $1,886,861.59. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 41,712 shares of Spire Global stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 138,033 shares of company stock valued at $1,219,760 in the last three months. 13.04% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

Institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of Spire Global in the third quarter valued at about $396,000. Verition Fund Management LLC bought a new stake in shares of Spire Global in the third quarter valued at about $343,000. EntryPoint Capital LLC bought a new stake in shares of Spire Global in the fourth quarter valued at about $247,000. JPMorgan Chase & Co. lifted its holdings in shares of Spire Global by 78.3% in the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after purchasing an additional 8,395 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Spire Global in the third quarter valued at about $197,000. 19.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPIR shares. Canaccord Genuity Group set a $22.00 target price on Spire Global and gave the company a “buy” rating in a research note on Friday, April 10th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. HC Wainwright reissued a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Stifel Nicolaus boosted their target price on Spire Global from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Spire Global Price Performance

Shares of Spire Global stock opened at $16.01 on Wednesday. The firm has a market cap of $536.78 million, a price-to-earnings ratio of 10.13 and a beta of 2.23. The stock’s 50-day moving average is $13.63 and its 200-day moving average is $11.13. Spire Global has a one year low of $6.60 and a one year high of $23.59.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.