Short Interest in Firefly Aerospace, Inc. (NASDAQ:FLY) Increases By 18.4%

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,422,012 shares, a growth of 18.4% from the February 12th total of 5,423,391 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,344,174 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 2,344,174 shares, the short-interest ratio is currently 2.7 days. Currently, 4.0% of the company’s stock are short sold.

Firefly Aerospace Stock Performance

FLY stock traded up $0.46 during mid-day trading on Monday, hitting $23.93. The stock had a trading volume of 3,613,498 shares, compared to its average volume of 3,028,858. Firefly Aerospace has a 1-year low of $16.00 and a 1-year high of $73.80. The company has a fifty day moving average of $24.33 and a 200 day moving average of $26.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20.

Hedge Funds Weigh In On Firefly Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCM Investment Management LLC bought a new stake in Firefly Aerospace in the third quarter worth approximately $19,386,000. TD Asset Management Inc bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at $4,353,000. Phoenix Financial Ltd. acquired a new stake in shares of Firefly Aerospace in the 3rd quarter valued at $14,468,000. AE Industrial Partners LP acquired a new stake in shares of Firefly Aerospace in the 3rd quarter valued at $1,063,863,000. Finally, Penserra Capital Management LLC bought a new stake in Firefly Aerospace in the third quarter worth $3,699,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FLY. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reduced their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Roth Mkm reiterated a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Morgan Stanley reiterated a “positive” rating on shares of Firefly Aerospace in a research note on Thursday. Finally, KeyCorp began coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.88.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.