Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Update

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,240,000 shares, a growth of 130.4% from the March 15th total of 538,300 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 6.9% of the company’s stock are short sold.

Sidus Space Price Performance

Sidus Space stock opened at $1.37 on Wednesday. Sidus Space has a one year low of $1.14 and a one year high of $7.65. The business’s fifty day moving average is $1.86 and its 200 day moving average is $2.33. The stock has a market capitalization of $25.08 million, a PE ratio of -0.37 and a beta of -1.46.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $1.61. Sidus Space had a negative net margin of 291.96% and a negative return on equity of 129.87%. The firm had revenue of $0.94 million during the quarter, compared to analyst estimates of $4.90 million.

Hedge Funds Weigh In On Sidus Space

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heights Capital Management Inc. purchased a new stake in Sidus Space during the fourth quarter valued at $2,367,000. Geode Capital Management LLC boosted its holdings in shares of Sidus Space by 139.2% in the fourth quarter. Geode Capital Management LLC now owns 86,984 shares of the company’s stock worth $426,000 after buying an additional 50,614 shares during the last quarter. Virtu Financial LLC bought a new stake in Sidus Space during the fourth quarter valued at approximately $157,000. Jane Street Group LLC bought a new position in Sidus Space in the fourth quarter worth approximately $118,000. Finally, Northern Trust Corp purchased a new position in shares of Sidus Space during the 4th quarter worth $111,000. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

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.