Firefly Aerospace, Inc. (NASDAQ:FLY) Short Interest Update

Firefly Aerospace, Inc. (NASDAQ:FLY) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 6,422,012 shares, an increase of 18.4% from the February 12th total of 5,423,391 shares. Based on an average daily volume of 2,344,174 shares, the short-interest ratio is presently 2.7 days. Approximately 4.0% of the company’s stock are short sold. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 2,344,174 shares, the short-interest ratio is presently 2.7 days.

Firefly Aerospace Stock Up 2.0%

FLY traded up $0.46 during trading on Monday, reaching $23.93. 3,613,498 shares of the company were exchanged, compared to its average volume of 3,028,858. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20. The firm has a 50 day moving average of $24.33 and a 200 day moving average of $26.68.

Institutional Trading of Firefly Aerospace

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in Firefly Aerospace in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth about $26,000. California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace during the 4th quarter worth about $30,000. Russell Investments Group Ltd. acquired a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $38,000. Finally, NBC Securities Inc. bought a new position in shares of Firefly Aerospace in the fourth quarter valued at approximately $38,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FLY. Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. Morgan Stanley reiterated a “positive” rating on shares of Firefly Aerospace in a research note on Thursday. KeyCorp started coverage on Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Finally, UBS Group set a $33.00 price target on Firefly Aerospace in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.88.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.