Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Up 34.2% in May

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,140,000 shares, a growth of 34.2% from the May 15th total of 849,400 shares. Approximately 6.3% of the shares of the company are short sold. Based on an average trading volume of 732,600 shares, the days-to-cover ratio is presently 1.6 days.

Sidus Space Trading Up 0.7%

Shares of Sidus Space stock opened at $1.54 on Thursday. The business’s fifty day simple moving average is $1.53 and its 200 day simple moving average is $2.13. The firm has a market capitalization of $28.18 million, a P/E ratio of -0.58 and a beta of -1.46. Sidus Space has a 12 month low of $1.14 and a 12 month high of $7.65.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Thursday, May 15th. The company reported ($0.35) earnings per share (EPS) for the quarter. Sidus Space had a negative net margin of 521.21% and a negative return on equity of 122.60%. The firm had revenue of $0.24 million during the quarter.

Hedge Funds Weigh In On Sidus Space

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIDU. Vontobel Holding Ltd. bought a new stake in shares of Sidus Space in the 4th quarter valued at about $51,000. Virtu Financial LLC bought a new position in shares of Sidus Space in the 4th quarter worth approximately $157,000. Geode Capital Management LLC grew its stake in shares of Sidus Space by 139.2% in the 4th quarter. Geode Capital Management LLC now owns 86,984 shares of the company’s stock worth $426,000 after buying an additional 50,614 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Sidus Space in the 4th quarter worth approximately $58,000. Finally, Tower Research Capital LLC TRC boosted its stake in Sidus Space by 747.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock valued at $28,000 after purchasing an additional 4,957 shares during the last quarter. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.