HawkEye 360, Inc. (NYSE:HAWK) Short Interest Update

HawkEye 360, Inc. (NYSE:HAWK) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,268,837 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 2,167,441 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.4% of the shares of the stock are short sold.

HawkEye 360 Trading Down 0.3%

HAWK traded down $0.10 during trading hours on Tuesday, reaching $31.54. 945,569 shares of the stock traded hands, compared to its average volume of 1,295,486. HawkEye 360 has a fifty-two week low of $28.83 and a fifty-two week high of $35.73. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HAWK. Raymond James Financial initiated coverage on HawkEye 360 in a research note on Monday. They set a “strong-buy” rating and a $40.00 price target for the company. Jefferies Financial Group began coverage on shares of HawkEye 360 in a research report on Monday. They set a “hold” rating and a $34.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of HawkEye 360 in a research report on Monday. They set an “outperform” rating and a $40.00 price target on the stock. Wall Street Zen raised shares of HawkEye 360 to a “hold” rating in a research report on Saturday, May 16th. Finally, Bank of America began coverage on shares of HawkEye 360 in a research note on Monday. They issued a “neutral” rating and a $34.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, HawkEye 360 presently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Insider Transactions at HawkEye 360

In other news, Director Francis Alphonse Finelli purchased 9,615 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $249,990.00. Following the completion of the acquisition, the director directly owned 9,615 shares in the company, valued at $249,990. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

HawkEye 360 Company Profile

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.