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

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,024,004 shares, a decrease of 16.6% from the February 12th total of 9,626,806 shares. Currently, 12.8% of the shares of the company are sold short. Based on an average trading volume of 4,449,427 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 4,449,427 shares, the days-to-cover ratio is currently 1.8 days. Currently, 12.8% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on SIDU. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sidus Space has a consensus rating of “Sell”.

Institutional Trading of Sidus Space

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HRT Financial LP bought a new position in shares of Sidus Space in the fourth quarter valued at approximately $4,283,000. Jane Street Group LLC raised its holdings in Sidus Space by 2,970.3% during the fourth quarter. Jane Street Group LLC now owns 743,409 shares of the company’s stock worth $2,334,000 after purchasing an additional 719,196 shares in the last quarter. XTX Topco Ltd acquired a new stake in Sidus Space in the fourth quarter worth approximately $1,555,000. Sassicaia Capital Advisers LLC bought a new position in Sidus Space during the 4th quarter valued at $633,000. Finally, DNB Asset Management AS bought a new position in Sidus Space during the 4th quarter valued at $442,000. 17.91% of the stock is currently owned by institutional investors.

Sidus Space Stock Performance

Shares of SIDU stock opened at $2.37 on Wednesday. Sidus Space has a 1 year low of $0.63 and a 1 year high of $5.39. The firm has a market capitalization of $157.65 million, a PE ratio of -1.84 and a beta of -1.58. The stock has a fifty day moving average of $2.69 and a two-hundred day moving average of $1.78.

Sidus Space Company Profile

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.