Terran Orbital Co. (NYSE:LLAP) Sees Large Increase in Short Interest

Terran Orbital Co. (NYSE:LLAP) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 8,750,000 shares, a growth of 12.0% from the September 30th total of 7,810,000 shares. Based on an average trading volume of 6,230,000 shares, the short-interest ratio is presently 1.4 days. Approximately 5.4% of the shares of the company are short sold.

Terran Orbital Stock Performance

Shares of NYSE LLAP remained flat at $0.25 during trading hours on Thursday. The company has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.66. The firm has a market cap of $51.09 million, a P/E ratio of -0.32 and a beta of 1.95. Terran Orbital has a 52-week low of $0.23 and a 52-week high of $1.62.

Terran Orbital (NYSE:LLAP) last issued its earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, hitting analysts’ consensus estimates of ($0.19). The business had revenue of $30.39 million during the quarter, compared to analysts’ expectations of $33.92 million. On average, sell-side analysts anticipate that Terran Orbital will post -0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LLAP shares. B. Riley cut their price target on Terran Orbital from $1.00 to $0.50 and set a “neutral” rating for the company in a report on Tuesday, August 13th. HC Wainwright lowered Terran Orbital from a “buy” rating to a “neutral” rating and reduced their target price for the company from $3.00 to $0.25 in a report on Monday, August 19th.

Hedge Funds Weigh In On Terran Orbital

A number of hedge funds have recently modified their holdings of the company. Fifth Lane Capital LP purchased a new stake in shares of Terran Orbital in the 1st quarter worth about $80,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Terran Orbital during the 1st quarter valued at about $158,000. Rhumbline Advisers boosted its stake in Terran Orbital by 85.5% during the second quarter. Rhumbline Advisers now owns 203,769 shares of the company’s stock worth $167,000 after acquiring an additional 93,925 shares in the last quarter. Kovack Advisors Inc. increased its stake in shares of Terran Orbital by 7.7% during the first quarter. Kovack Advisors Inc. now owns 140,000 shares of the company’s stock valued at $183,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Bernardo Wealth Planning LLC increased its position in Terran Orbital by 6.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 237,861 shares of the company’s stock valued at $195,000 after buying an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Terran Orbital Company Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.