Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Down 15.2% in April

Sidus Space, Inc. (NASDAQ:SIDU) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 267,500 shares, a drop of 15.2% from the April 15th total of 315,500 shares. Currently, 7.8% of the shares of the company are sold short. Based on an average trading volume of 830,200 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, ThinkEquity initiated coverage on Sidus Space in a research note on Monday, April 8th. They set a “buy” rating and a $10.00 price target on the stock.

Sidus Space Trading Down 6.9 %

SIDU opened at $3.12 on Tuesday. The firm has a 50 day moving average of $3.57 and a two-hundred day moving average of $5.73. The firm has a market capitalization of $13.04 million, a PE ratio of -0.07 and a beta of -0.72. Sidus Space has a 12-month low of $2.94 and a 12-month high of $26.00.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.