Firefly Aerospace, Inc. (NASDAQ:FLY) Short Interest Up 36.4% in December

Firefly Aerospace, Inc. (NASDAQ:FLY) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 4,716,690 shares, an increase of 36.4% from the December 15th total of 3,458,143 shares. Based on an average daily volume of 3,514,282 shares, the short-interest ratio is presently 1.3 days. Approximately 3.0% of the company’s shares are sold short. Approximately 3.0% of the company’s shares are sold short. Based on an average daily volume of 3,514,282 shares, the short-interest ratio is presently 1.3 days.

Firefly Aerospace Stock Up 12.3%

NASDAQ FLY traded up $3.66 on Friday, reaching $33.41. The company had a trading volume of 5,008,749 shares, compared to its average volume of 3,558,997. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $22.39. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $73.80. The stock has a market capitalization of $5.32 billion and a PE ratio of -4.59.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million during the quarter, compared to the consensus estimate of $28.93 million. The company’s revenue for the quarter was up 37.5% on a year-over-year basis.

Institutional Trading of Firefly Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of FLY. AE Industrial Partners LP bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $1,063,863,000. Vanguard Group Inc. purchased a new position in Firefly Aerospace in the third quarter valued at approximately $53,409,000. Hudson Bay Capital Management LP bought a new position in Firefly Aerospace during the third quarter valued at $50,711,000. Capital World Investors bought a new stake in shares of Firefly Aerospace in the third quarter valued at $35,337,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Firefly Aerospace during the 3rd quarter valued at $19,899,000.

Analysts Set New Price Targets

A number of research firms have issued reports on FLY. KeyCorp began coverage on Firefly Aerospace in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a “hold” rating to a “buy” rating and cut their target price for the stock from $40.00 to $30.00 in a research note on Thursday, November 13th. Roth Capital reiterated a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. JPMorgan Chase & Co. cut their price objective on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Morgan Stanley set a $33.00 target price on Firefly Aerospace in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.29.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.