Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Decreases By 15.6%

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 200,600 shares, a drop of 15.6% from the May 31st total of 237,800 shares. Based on an average daily trading volume, of 118,300 shares, the short-interest ratio is currently 1.7 days. Currently, 5.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Sidus Space

A hedge fund recently bought a new stake in Sidus Space stock. AWM Investment Company Inc. bought a new stake in shares of Sidus Space, Inc. (NASDAQ:SIDU) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $678,000. AWM Investment Company Inc. owned approximately 4.78% of Sidus Space as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 17.91% of the company’s stock.

Sidus Space Stock Performance

Shares of SIDU stock traded down $0.10 on Monday, reaching $2.24. The stock had a trading volume of 58,397 shares, compared to its average volume of 735,986. Sidus Space has a 1 year low of $2.21 and a 1 year high of $25.50. The company has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $4.70.

Sidus Space (NASDAQ:SIDU) last released its earnings results on Monday, May 20th. The company reported ($1.40) earnings per share for the quarter. The company had revenue of $1.05 million for the quarter. Sidus Space had a negative net margin of 309.50% and a negative return on equity of 129.78%.

Analyst Ratings Changes

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

About Sidus Space

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.