Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Decreases By 41.9%

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 538,300 shares, a drop of 41.9% from the February 28th total of 926,300 shares. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 6.4% of the shares of the stock are sold short.

Sidus Space Stock Down 3.2 %

NASDAQ:SIDU opened at $1.50 on Monday. Sidus Space has a 1 year low of $1.15 and a 1 year high of $7.65. The stock’s 50 day simple moving average is $2.22 and its two-hundred day simple moving average is $2.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SIDU. Millennium Management LLC bought a new position in Sidus Space during the fourth quarter valued at $89,000. Jane Street Group LLC purchased a new stake in shares of Sidus Space during the 4th quarter valued at about $118,000. Northern Trust Corp purchased a new stake in shares of Sidus Space during the 4th quarter valued at about $111,000. Heights Capital Management Inc. bought a new position in shares of Sidus Space in the 4th quarter valued at about $2,367,000. Finally, Tower Research Capital LLC TRC grew its position in Sidus Space by 747.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock worth $28,000 after acquiring an additional 4,957 shares in the last quarter. 17.91% of the stock is owned by hedge funds and other institutional investors.

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.