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

Sidus Space, Inc. (NASDAQ:SIDU) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 6,845,530 shares, a drop of 14.7% from the February 26th total of 8,024,004 shares. Approximately 10.9% of the shares of the company are short sold. Based on an average trading volume of 4,617,760 shares, the days-to-cover ratio is currently 1.5 days.

Sidus Space Stock Down 9.5%

SIDU stock opened at $2.10 on Thursday. Sidus Space has a 52-week low of $0.63 and a 52-week high of $5.39. The firm has a market cap of $139.69 million, a P/E ratio of -1.63 and a beta of -1.63. The company’s 50-day simple moving average is $2.40 and its 200-day simple moving average is $1.86.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Wednesday, April 1st. The company reported ($0.31) earnings per share for the quarter. The business had revenue of $0.59 million during the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

Institutional Trading of Sidus Space

A number of institutional investors and hedge funds have recently made changes to their positions in SIDU. Ground Swell Capital LLC purchased a new position in shares of Sidus Space during the 4th quarter valued at approximately $33,000. Bank of Montreal Can grew its stake in Sidus Space by 30.0% in the 4th quarter. Bank of Montreal Can now owns 45,500 shares of the company’s stock valued at $143,000 after acquiring an additional 10,500 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Sidus Space in the 4th quarter worth $38,000. OMERS ADMINISTRATION Corp purchased a new stake in Sidus Space in the 4th quarter worth $40,000. Finally, T3 Companies LLC acquired a new position in Sidus Space during the fourth quarter worth $53,000. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research report 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 MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.