BlackSky Technology Inc. (NYSE:BKSY) Sees Large Decline in Short Interest

BlackSky Technology Inc. (NYSE:BKSYGet Rating) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 424,800 shares, a decline of 30.2% from the March 31st total of 608,200 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 912,000 shares, the short-interest ratio is currently 0.5 days.

Shares of BlackSky Technology stock opened at $1.57 on Friday. The company’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $4.76. BlackSky Technology has a fifty-two week low of $1.48 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.85 and a current ratio of 5.85.

In other BlackSky Technology news, CFO Johan G. Broekhuysen acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The stock was acquired at an average cost of $2.70 per share, for a total transaction of $32,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. bought a new position in BlackSky Technology in the third quarter valued at about $51,000. Citigroup Inc. acquired a new stake in BlackSky Technology during the 3rd quarter worth approximately $180,000. Weiss Asset Management LP bought a new stake in BlackSky Technology during the 3rd quarter worth approximately $2,070,000. Senator Investment Group LP acquired a new position in BlackSky Technology in the 3rd quarter valued at approximately $40,911,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of BlackSky Technology during the third quarter valued at $2,070,000. Institutional investors and hedge funds own 45.89% of the company’s stock.

BlackSky Technology Company Profile (Get Rating)

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operations of satellite and ground systems to commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various space, internet-of-things, and terrestrial based sensors and data feeds.

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