Sidus Space, Inc. (NASDAQ:SIDU) Sees Significant Increase in Short Interest

Sidus Space, Inc. (NASDAQ:SIDU) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,450,000 shares, agrowthof57.0% from the July 15th total of 923,400 shares. Approximately5.8% of the shares of the stock are sold short. Based on an average daily volume of 994,100 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 994,100 shares, the days-to-cover ratio is presently 1.5 days. Approximately5.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sidus Space

Large investors have recently bought and sold shares of the business. Heights Capital Management Inc. acquired a new position in shares of Sidus Space during the fourth quarter valued at approximately $2,367,000. Geode Capital Management LLC raised its holdings in shares of Sidus Space by 28.1% during the second 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 last quarter. XTX Topco Ltd acquired a new position in shares of Sidus Space during the second quarter valued at approximately $168,000. FNY Investment Advisers LLC acquired a new position in shares of Sidus Space during the first quarter valued at approximately $107,000. Finally, Jane Street Group LLC acquired a new position in shares of Sidus Space during the second quarter valued at approximately $95,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Stock Performance

NASDAQ SIDU opened at $1.14 on Thursday. The stock has a market capitalization of $20.86 million, a price-to-earnings ratio of -0.58 and a beta of -1.35. Sidus Space has a twelve month low of $1.08 and a twelve month high of $7.65. The stock has a 50-day moving average of $1.54 and a 200 day moving average of $1.68.

Sidus Space (NASDAQ:SIDU) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.31) earnings per share for the quarter. The business had revenue of $1.26 million during the quarter. Sidus Space had a negative return on equity of 129.29% and a negative net margin of 515.33%.

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.