Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Increases By 64.3%

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 8,486,867 shares, a growth of 64.3% from the December 15th total of 5,165,878 shares. Currently, 25.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 103,206,664 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 103,206,664 shares, the short-interest ratio is presently 0.1 days. Currently, 25.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sidus Space

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Sidus Space by 28.1% during the 2nd quarter. Geode Capital Management LLC now owns 120,799 shares of the company’s stock worth $209,000 after purchasing an additional 26,498 shares during the period. XTX Topco Ltd acquired a new position in Sidus Space in the second quarter valued at about $168,000. Jane Street Group LLC acquired a new position in Sidus Space in the second quarter valued at about $95,000. SG Americas Securities LLC purchased a new position in Sidus Space during the fourth quarter worth about $118,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Sidus Space during the fourth quarter valued at about $194,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SIDU shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Sidus Space from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sidus Space presently has an average rating of “Sell”.

Sidus Space Trading Down 9.2%

Sidus Space stock opened at $3.37 on Friday. Sidus Space has a 12-month low of $0.63 and a 12-month high of $5.39. The stock has a market cap of $118.78 million, a P/E ratio of -2.61 and a beta of -1.64. The company has a 50-day moving average price of $1.81 and a 200 day moving average price of $1.48.

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

Sidus Space Company Profile

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.