Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Update

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 200,600 shares, a decline of 15.6% from the May 31st total of 237,800 shares. Approximately 5.9% of the shares of the company are short sold. Based on an average daily volume of 118,300 shares, the short-interest ratio is currently 1.7 days.

Sidus Space Stock Down 4.3 %

Shares of SIDU stock opened at $2.24 on Tuesday. The stock’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $4.70. Sidus Space has a one year low of $2.21 and a one year high of $25.50.

Sidus Space (NASDAQ:SIDU) last announced its quarterly earnings results on Monday, May 20th. The company reported ($1.40) EPS for the quarter. The company had revenue of $1.05 million during the quarter. Sidus Space had a negative net margin of 309.50% and a negative return on equity of 129.78%.

Institutional Trading of Sidus Space

An institutional investor recently bought a new position in Sidus Space stock. AWM Investment Company Inc. acquired a new position in Sidus Space, Inc. (NASDAQ:SIDU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the company’s stock, valued at approximately $678,000. AWM Investment Company Inc. owned approximately 4.78% of Sidus Space as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 17.91% of the company’s stock.

Analyst Ratings Changes

Separately, ThinkEquity started coverage on Sidus Space in a research report on Monday, April 8th. They set a “buy” rating and a $10.00 price objective on the stock.

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.