Short Interest in HawkEye 360, Inc. (NYSE:HAWK) Grows By 61.3%

HawkEye 360, Inc. (NYSE:HAWK) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,046,600 shares, a growth of 61.3% from the May 14th total of 1,268,837 shares. Based on an average daily trading volume, of 772,943 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.2% of the shares of the company are sold short.

HawkEye 360 Stock Down 7.0%

Shares of NYSE:HAWK traded down $1.75 on Tuesday, hitting $23.37. The company’s stock had a trading volume of 266,388 shares, compared to its average volume of 1,180,689. HawkEye 360 has a 1 year low of $23.07 and a 1 year high of $35.73. The stock has a market cap of $2.18 billion, a P/E ratio of -11.46 and a beta of 0.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Raymond James Financial assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price target for the company. William Blair assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating for the company. Wall Street Zen lowered HawkEye 360 from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. The Goldman Sachs Group assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “buy” rating and a $42.00 price target for the company. Finally, Morgan Stanley assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.25.

Insider Transactions at HawkEye 360

In other news, Director Francis Alphonse Finelli bought 9,615 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $26.00 per share, with a total value of $249,990.00. Following the completion of the transaction, the director directly owned 9,615 shares of the company’s stock, valued at $249,990. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

About HawkEye 360

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.