Sidus Space, Inc. (NASDAQ:SIDU) Sees Large Drop in Short Interest

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 5,581,301 shares, a drop of 34.2% from the December 31st total of 8,486,867 shares. Currently, 16.7% of the shares of the stock are sold short. Based on an average daily volume of 76,410,246 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 76,410,246 shares, the days-to-cover ratio is currently 0.1 days. Currently, 16.7% of the shares of the stock are sold short.

Institutional Trading of Sidus Space

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Sidus Space during the second quarter valued at approximately $95,000. SG Americas Securities LLC bought a new stake in Sidus Space during the 4th quarter valued at about $118,000. XTX Topco Ltd bought a new stake in shares of Sidus Space during the second quarter valued at approximately $168,000. Thompson Davis & CO. Inc. bought a new stake in shares of Sidus Space in the 4th quarter worth $194,000. Finally, Geode Capital Management LLC lifted its stake in Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock valued at $209,000 after acquiring an additional 26,498 shares during the period. 17.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SIDU. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sidus Space in a report on Thursday, January 22nd. Wall Street Zen lowered Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sidus Space currently has an average rating of “Sell”.

Sidus Space Stock Performance

NASDAQ:SIDU opened at $2.80 on Friday. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $5.39. The firm has a market cap of $98.70 million, a PE ratio of -2.17 and a beta of -1.64. The business has a 50 day moving average price of $2.34 and a 200-day moving average price of $1.60.

Sidus Space (NASDAQ:SIDU) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $1.30 million for the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

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.