Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Down 16.6% in February

Sidus Space, Inc. (NASDAQ:SIDU) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 8,024,004 shares, a decrease of 16.6% from the February 12th total of 9,626,806 shares. Approximately 12.8% of the company’s stock are sold short. Based on an average daily volume of 4,449,427 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 4,449,427 shares, the short-interest ratio is currently 1.8 days. Approximately 12.8% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Sidus Space

Large investors have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new position in Sidus Space during the 4th quarter worth $33,000. Resurgent Financial Advisors LLC acquired a new position in Sidus Space in the fourth quarter valued at $38,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Sidus Space in the fourth quarter valued at about $40,000. T3 Companies LLC purchased a new stake in shares of Sidus Space in the fourth quarter valued at about $53,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Sidus Space during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Trading Down 1.4%

SIDU stock opened at $2.05 on Tuesday. The company has a market capitalization of $136.37 million, a P/E ratio of -1.59 and a beta of -1.58. Sidus Space has a twelve month low of $0.63 and a twelve month high of $5.39. The business has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $1.77.

Sidus Space Company Profile

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.