BlackSky Technology Inc. (NYSE:BKSY) Short Interest Up 7.8% in June

BlackSky Technology Inc. (NYSE:BKSY) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 6,360,000 shares, a growth of 7.8% from the May 31st total of 5,900,000 shares. Based on an average trading volume of 554,200 shares, the days-to-cover ratio is presently 11.5 days. Currently, 5.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $3.00 price objective on shares of BlackSky Technology in a report on Thursday, March 14th. HC Wainwright reiterated a “buy” rating and set a $2.50 price objective on shares of BlackSky Technology in a research note on Thursday, May 9th.

Hedge Funds Weigh In On BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the company. LA Financiere DE L Echiquier raised its holdings in BlackSky Technology by 10.6% during the 4th quarter. LA Financiere DE L Echiquier now owns 896,000 shares of the company’s stock worth $1,254,000 after buying an additional 86,000 shares during the period. Van ECK Associates Corp raised its holdings in shares of BlackSky Technology by 32.8% during the fourth quarter. Van ECK Associates Corp now owns 43,346 shares of the company’s stock valued at $61,000 after acquiring an additional 10,701 shares during the period. GSA Capital Partners LLP lifted its position in shares of BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares in the last quarter. Vanguard Group Inc. lifted its stake in BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after purchasing an additional 83,462 shares during the period. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

BKSY stock opened at $1.03 on Thursday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.04. BlackSky Technology has a 1 year low of $0.86 and a 1 year high of $2.20. The stock has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $1.27.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). BlackSky Technology had a negative net margin of 52.24% and a negative return on equity of 82.02%. The firm had revenue of $24.24 million during the quarter, compared to analyst estimates of $25.02 million. Sell-side analysts forecast that BlackSky Technology will post -0.34 EPS for the current year.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.