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

Sidus Space, Inc. (NASDAQ:SIDU) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 926,300 shares, a decline of 20.1% from the February 13th total of 1,160,000 shares. Approximately 10.9% of the company’s stock are sold short. Based on an average trading volume of 8,130,000 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Sidus Space

A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Sidus Space by 747.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock valued at $28,000 after buying an additional 4,957 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Sidus Space during the 4th quarter valued at $51,000. XTX Topco Ltd purchased a new stake in Sidus Space during the 4th quarter valued at $58,000. Millennium Management LLC purchased a new stake in Sidus Space during the 4th quarter valued at $89,000. Finally, Northern Trust Corp purchased a new stake in Sidus Space during the 4th quarter valued at $111,000. 17.91% of the stock is currently owned by hedge funds and other institutional investors.

Sidus Space Stock Performance

Shares of NASDAQ SIDU opened at $1.97 on Monday. Sidus Space has a twelve month low of $1.15 and a twelve month high of $7.65. The company has a 50 day moving average of $2.41 and a 200 day moving average of $2.55.

Sidus Space Company Profile

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.