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

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 10,405,796 shares, a growth of 40.1% from the March 31st total of 7,426,530 shares. Based on an average daily trading volume, of 41,147,772 shares, the short-interest ratio is presently 0.3 days. Approximately 16.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. KPP Advisory Services LLC purchased a new position in Sidus Space in the 1st quarter valued at about $46,000. Virtu Financial LLC purchased a new position in Sidus Space in the 4th quarter valued at about $294,000. Connective Capital Management LLC purchased a new position in Sidus Space in the 4th quarter valued at about $220,000. XTX Topco Ltd purchased a new position in Sidus Space in the 4th quarter valued at about $1,555,000. Finally, Quadrature Capital Ltd lifted its holdings in Sidus Space by 69.6% in the 4th quarter. Quadrature Capital Ltd now owns 48,036 shares of the company’s stock valued at $151,000 after purchasing an additional 19,711 shares in the last quarter. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

Sidus Space Stock Down 7.3%

Shares of Sidus Space stock traded down $0.25 on Tuesday, hitting $3.11. The company’s stock had a trading volume of 8,369,795 shares, compared to its average volume of 24,905,041. The company has a market capitalization of $206.54 million, a P/E ratio of -2.57 and a beta of -1.63. The firm has a fifty day moving average price of $2.88 and a 200-day moving average price of $2.25. Sidus Space has a 52-week low of $0.63 and a 52-week high of $5.99.

Analyst Upgrades and Downgrades

SIDU has been the topic of several recent research reports. Weiss Ratings reiterated 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 report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Sidus Space has a consensus rating of “Sell”.

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.