Redwire Corporation (NYSE:RDW) Short Interest Up 23.1% in January

Redwire Corporation (NYSE:RDW) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 25,584,469 shares, a growth of 23.1% from the January 15th total of 20,778,648 shares. Based on an average daily volume of 46,387,689 shares, the short-interest ratio is presently 0.6 days. Approximately 15.9% of the shares of the stock are sold short. Approximately 15.9% of the shares of the stock are sold short. Based on an average daily volume of 46,387,689 shares, the short-interest ratio is presently 0.6 days.

Insiders Place Their Bets

In other Redwire news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33. Following the transaction, the director directly owned 61,541,253 shares in the company, valued at approximately $646,798,569.03. This represents a 17.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 40,400,346 shares of company stock valued at $453,127,301. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Several institutional investors have recently modified their holdings of RDW. AE Industrial Partners LP increased its holdings in Redwire by 139.3% in the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock valued at $1,394,000 after purchasing an additional 49,765,262 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Redwire in the 3rd quarter valued at approximately $20,372,000. Hood River Capital Management LLC bought a new stake in Redwire in the second quarter valued at approximately $36,206,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Redwire during the 2nd quarter worth about $32,652,000. Finally, State Street Corp increased its position in Redwire by 61.1% during the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after buying an additional 1,786,038 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. HC Wainwright reaffirmed a “buy” rating and set a $22.00 price target on shares of Redwire in a research note on Tuesday, December 23rd. KeyCorp began coverage on Redwire in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. Finally, Zacks Research cut shares of Redwire from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.75.

Redwire Stock Up 5.1%

NYSE RDW opened at $8.41 on Thursday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.65 and a beta of 2.45. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $9.48 and its two-hundred day moving average is $8.61. Redwire has a 1-year low of $4.87 and a 1-year high of $25.65.

About Redwire

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.