BlackSky Technology Inc. (NYSE:BKSY) Short Interest Up 9.2% in March

BlackSky Technology Inc. (NYSE:BKSYGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,050,000 shares, a growth of 9.2% from the February 29th total of 5,540,000 shares. Currently, 6.4% of the company’s shares are sold short. Based on an average daily volume of 661,100 shares, the short-interest ratio is currently 9.2 days.

BlackSky Technology Trading Up 4.5 %

BKSY traded up $0.06 during trading on Wednesday, reaching $1.39. 262,829 shares of the stock traded hands, compared to its average volume of 634,135. The stock has a market capitalization of $203.31 million, a PE ratio of -3.39 and a beta of 1.02. The stock’s 50-day moving average is $1.40 and its 200 day moving average is $1.31. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.90. BlackSky Technology has a 12 month low of $1.04 and a 12 month high of $2.37.

BlackSky Technology (NYSE:BKSYGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. BlackSky Technology had a negative net margin of 57.06% and a negative return on equity of 75.79%. The company had revenue of $35.51 million for the quarter, compared to analysts’ expectations of $26.13 million. Equities analysts anticipate that BlackSky Technology will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new stake in BlackSky Technology during the 2nd quarter valued at about $26,000. Principal Financial Group Inc. bought a new position in shares of BlackSky Technology during the 2nd quarter worth approximately $28,000. Nomura Holdings Inc. bought a new position in shares of BlackSky Technology during the 1st quarter worth approximately $29,000. Shay Capital LLC bought a new position in shares of BlackSky Technology during the 4th quarter worth approximately $32,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of BlackSky Technology by 163.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 17,320 shares of the company’s stock worth $33,000 after acquiring an additional 10,745 shares in the last quarter. Institutional investors own 27.15% of the company’s stock.

Analysts Set New Price Targets

BKSY has been the topic of several recent analyst reports. HC Wainwright started coverage on BlackSky Technology in a report on Wednesday. They set a “buy” rating and a $2.50 target price on the stock. Benchmark restated a “buy” rating and set a $3.00 price objective on shares of BlackSky Technology in a research report on Thursday, March 14th.

Read Our Latest Stock Report on BlackSky Technology

BlackSky Technology Company Profile

(Get Free Report)

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.

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