Short Interest in Spire Global, Inc. (NYSE:SPIR) Decreases By 21.0%

Spire Global, Inc. (NYSE:SPIR) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,300,000 shares, a decline of 21.0% from the October 31st total of 2,910,000 shares. Based on an average daily volume of 292,700 shares, the days-to-cover ratio is presently 7.9 days. Currently, 12.5% of the company’s stock are short sold.

Spire Global Stock Up 1.0 %

SPIR opened at $16.17 on Friday. The firm’s 50 day simple moving average is $11.13 and its two-hundred day simple moving average is $10.54. Spire Global has a 1-year low of $4.71 and a 1-year high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Analyst Ratings Changes

SPIR has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird lifted their price objective on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Spire Global has an average rating of “Moderate Buy” and an average target price of $19.60.

Insider Transactions at Spire Global

In other news, CAO Boyd C. Johnson sold 12,373 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the completion of the transaction, the chief accounting officer now owns 311,608 shares in the company, valued at $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Theresa Condor sold 17,592 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the sale, the chief operating officer now directly owns 377,152 shares in the company, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 in the last quarter. 17.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,047 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global during the 1st quarter valued at about $27,000. DNB Asset Management AS grew its stake in shares of Spire Global by 117.5% during the 2nd quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after acquiring an additional 57,137 shares during the period. ARS Investment Partners LLC purchased a new stake in Spire Global in the 2nd quarter worth approximately $806,000. Finally, LA Financiere DE L Echiquier increased its holdings in Spire Global by 31.2% in the 2nd quarter. LA Financiere DE L Echiquier now owns 101,000 shares of the company’s stock worth $1,095,000 after acquiring an additional 24,000 shares in the last quarter. 19.97% of the stock is owned by institutional investors.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.