Short Interest in Spire Global, Inc. (NYSE:SPIR) Grows By 70.6%

Spire Global, Inc. (NYSE:SPIR) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 6,173,856 shares, a growth of 70.6% from the March 31st total of 3,619,050 shares. Currently, 21.6% of the company’s stock are sold short. Based on an average trading volume of 3,727,843 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday. HC Wainwright reaffirmed a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a report on Friday, April 10th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Spire Global from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Insider Transactions at Spire Global

In other news, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer owned 1,116,581 shares of the company’s stock, valued at $9,524,435.93. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Peter Platzer sold 58,428 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $498,390.84. Following the transaction, the chairman owned 1,693,603 shares of the company’s stock, valued at $14,446,433.59. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 138,033 shares of company stock worth $1,219,760. Insiders own 13.04% of the company’s stock.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. bought a new stake in shares of Spire Global in the second quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global in the 3rd quarter worth about $25,000. BNP Paribas Financial Markets raised its stake in Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares in the last quarter. Atlantic Private Wealth LLC boosted its holdings in Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after purchasing an additional 1,699 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Performance

Shares of NYSE SPIR traded down $0.24 during trading hours on Monday, reaching $16.28. 894,821 shares of the stock were exchanged, compared to its average volume of 1,217,041. The stock’s fifty day simple moving average is $13.35 and its 200 day simple moving average is $11.09. The firm has a market capitalization of $545.70 million, a price-to-earnings ratio of 10.30 and a beta of 2.23. Spire Global has a 52 week low of $6.60 and a 52 week high of $23.59.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.