Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Declines By 43.0%

Sidus Space, Inc. (NASDAQ:SIDUGet Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 133,500 shares, a decline of 43.0% from the January 15th total of 234,400 shares. Based on an average daily trading volume, of 893,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 12.1% of the shares of the company are sold short.

Institutional Trading of Sidus Space

A number of institutional investors and hedge funds have recently modified their holdings of SIDU. Vanguard Group Inc. increased its holdings in Sidus Space by 84.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,018,196 shares of the company’s stock valued at $146,000 after buying an additional 467,379 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Sidus Space in the 2nd quarter valued at approximately $58,000. Penserra Capital Management LLC grew its stake in shares of Sidus Space by 452.8% in the 2nd quarter. Penserra Capital Management LLC now owns 139,268 shares of the company’s stock valued at $25,000 after purchasing an additional 114,074 shares during the period. State Street Corp grew its stake in shares of Sidus Space by 185.8% in the 1st quarter. State Street Corp now owns 92,135 shares of the company’s stock valued at $51,000 after purchasing an additional 59,900 shares during the period. Finally, BlackRock Inc. bought a new stake in shares of Sidus Space in the 3rd quarter valued at approximately $114,000. 21.41% of the stock is currently owned by institutional investors.

Sidus Space Stock Down 1.1 %

Shares of SIDU stock traded down $0.05 during trading hours on Monday, reaching $4.57. 150,742 shares of the company’s stock were exchanged, compared to its average volume of 1,199,329. Sidus Space has a fifty-two week low of $3.27 and a fifty-two week high of $104.00. The stock has a market capitalization of $7.36 million, a P/E ratio of -0.10 and a beta of -1.16. The business has a fifty day moving average price of $7.15 and a 200-day moving average price of $10.45.

Sidus Space (NASDAQ:SIDUGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported ($5.00) earnings per share (EPS) for the quarter. The firm had revenue of $0.99 million for the quarter. Sidus Space had a negative net margin of 218.02% and a negative return on equity of 198.68%.

About Sidus Space

(Get Free Report)

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its services include satellite manufacturing; precision machining, assembly, and test; low earth orbit microsatellite; payload integrations; launch and support services; space-based data services and analytics; precision computer numerical control machining and fabrication; Swiss screw machining; wire cable harness fabrication; 3D composite and metal printing; and satellite deployment and microgravity testing and research services, as well as services related to electrical and electronic assemblies.

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