Short Interest in HawkEye 360, Inc. (NYSE:HAWK) Rises By 61.3%

HawkEye 360, Inc. (NYSE:HAWK) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,046,600 shares, an increase of 61.3% from the May 14th total of 1,268,837 shares. Based on an average daily volume of 772,943 shares, the short-interest ratio is presently 2.6 days. Currently, 2.2% of the shares of the company are sold short.

Insider Activity

In other HawkEye 360 news, Director Francis Alphonse Finelli purchased 9,615 shares of the stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $26.00 per share, with a total value of $249,990.00. Following the completion of the transaction, the director directly owned 9,615 shares in the company, valued at approximately $249,990. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

HawkEye 360 Price Performance

Shares of NYSE HAWK opened at $24.93 on Wednesday. HawkEye 360 has a 12 month low of $23.07 and a 12 month high of $35.73. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

Analyst Ratings Changes

A number of research firms have commented on HAWK. William Blair began coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating for the company. Wall Street Zen cut shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Royal Bank Of Canada began coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating and a $40.00 price target for the company. Robert W. Baird began coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating and a $41.00 price target for the company. Finally, UBS Group set a $42.00 price target on shares of HawkEye 360 in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

About HawkEye 360

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.