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

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,845,530 shares, a decline of 14.7% from the February 26th total of 8,024,004 shares. Approximately 10.9% of the shares of the company are sold short. Based on an average daily trading volume, of 4,617,760 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in Sidus Space during the 4th quarter valued at approximately $33,000. Resurgent Financial Advisors LLC purchased a new position in shares of Sidus Space in the fourth quarter worth $38,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Sidus Space in the fourth quarter worth $40,000. T3 Companies LLC bought a new position in shares of Sidus Space during the fourth quarter worth $53,000. Finally, Global Retirement Partners LLC bought a new position in shares of Sidus Space during the fourth quarter worth $69,000. 17.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SIDU shares. Wall Street Zen upgraded Sidus Space from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Sidus Space Stock Up 7.9%

Shares of Sidus Space stock opened at $2.32 on Wednesday. The company has a market capitalization of $154.33 million, a price-to-earnings ratio of -1.80 and a beta of -1.58. The stock’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $1.86. Sidus Space has a 52 week low of $0.63 and a 52 week high of $5.39.

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.