Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Up 39.3% in March

Sidus Space, Inc. (NASDAQ:SIDU) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 334,300 shares, a growth of 39.3% from the March 15th total of 240,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 8.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Sidus Space

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Sidus Space by 17.6% during the third quarter. Vanguard Group Inc. now owns 175,243 shares of the company’s stock worth $370,000 after acquiring an additional 26,187 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Sidus Space during the fourth quarter worth about $332,000. Renaissance Technologies LLC acquired a new stake in Sidus Space during the third quarter worth about $203,000. BlackRock Inc. acquired a new stake in Sidus Space during the third quarter worth about $114,000. Finally, Jane Street Group LLC grew its stake in Sidus Space by 113.9% during the second quarter. Jane Street Group LLC now owns 30,809 shares of the company’s stock worth $102,000 after buying an additional 16,406 shares in the last quarter. 17.91% of the stock is owned by institutional investors.

Sidus Space Stock Down 7.3 %

NASDAQ:SIDU opened at $3.44 on Friday. Sidus Space has a 52 week low of $2.94 and a 52 week high of $48.08. The firm’s 50-day simple moving average is $4.19 and its 200 day simple moving average is $7.12.

Analyst Upgrades and Downgrades

Separately, ThinkEquity started coverage on shares of Sidus Space in a research report on Monday, April 8th. They set a “buy” rating and a $10.00 price target on the stock.

About Sidus Space

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its services include satellite manufacturing; precision machining, assembly, and test; low earth orbit microsatellite; payload integrations; launch and support services; space-based data services and analytics; precision computer numerical control machining and fabrication; Swiss screw machining; wire cable harness fabrication; 3D composite and metal printing; and satellite deployment and microgravity testing and research services, as well as services related to electrical and electronic assemblies.