Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Grows By 74.5%

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 5,165,878 shares, a growth of 74.5% from the November 30th total of 2,960,462 shares. Currently, 21.5% of the shares of the stock are short sold. Based on an average trading volume of 4,757,239 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 4,757,239 shares, the short-interest ratio is currently 1.1 days. Currently, 21.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Sidus Space

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Sidus Space in the second quarter worth approximately $95,000. XTX Topco Ltd purchased a new stake in Sidus Space during the second quarter valued at about $168,000. Finally, Geode Capital Management LLC boosted its holdings in Sidus Space by 28.1% in the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after buying an additional 26,498 shares during the period. 17.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SIDU. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research note on Wednesday, October 8th. Wall Street Zen cut Sidus Space from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sidus Space currently has a consensus rating of “Sell”.

Sidus Space Trading Up 12.8%

Sidus Space stock opened at $2.90 on Tuesday. The stock has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $1.27. Sidus Space has a 12 month low of $0.63 and a 12 month high of $6.75. The company has a market capitalization of $73.81 million, a PE ratio of -2.25 and a beta of -1.30.

Sidus Space (NASDAQ:SIDU) last posted its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $1.30 million for the quarter. Sidus Space had a negative return on equity of 116.44% and a negative net margin of 655.33%.

About Sidus Space

Sidus Space Inc (NASDAQ: SIDU) is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.

The company’s product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.