Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Decreases By 15.6%

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 200,600 shares, a drop of 15.6% from the May 31st total of 237,800 shares. Based on an average daily trading volume, of 118,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 5.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Sidus Space

An institutional investor recently bought a new position in Sidus Space stock. AWM Investment Company Inc. bought a new position in Sidus Space, Inc. (NASDAQ:SIDU) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $678,000. AWM Investment Company Inc. owned approximately 4.78% of Sidus Space as of its most recent filing with the Securities and Exchange Commission (SEC). 17.91% of the stock is owned by institutional investors and hedge funds.

Sidus Space Price Performance

Shares of SIDU traded down $0.10 during mid-day trading on Monday, reaching $2.24. 58,397 shares of the company were exchanged, compared to its average volume of 735,986. Sidus Space has a 52 week low of $2.21 and a 52 week high of $25.50. The business has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $4.70.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Monday, May 20th. The company reported ($1.40) earnings per share for the quarter. The business had revenue of $1.05 million during the quarter. Sidus Space had a negative return on equity of 129.78% and a negative net margin of 309.50%.

Analyst Ratings Changes

Separately, ThinkEquity started coverage on Sidus Space in a research note on Monday, April 8th. They issued a “buy” rating and a $10.00 price objective on the stock.

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.