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

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

Sidus Space Stock Down 1.1 %

Shares of SIDU stock traded down $0.05 during trading on Monday, hitting $4.57. The company had a trading volume of 150,742 shares, compared to its average volume of 1,199,329. The stock’s 50-day moving average is $7.15 and its two-hundred day moving average is $10.45. The stock has a market capitalization of $7.36 million, a price-to-earnings ratio of -0.10 and a beta of -1.16. Sidus Space has a 52 week low of $3.27 and a 52 week high of $104.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SIDU. Penserra Capital Management LLC grew its position in Sidus Space by 452.8% during the second quarter. Penserra Capital Management LLC now owns 139,268 shares of the company’s stock valued at $25,000 after acquiring an additional 114,074 shares during the last quarter. State Street Corp bought a new position in shares of Sidus Space during the second quarter valued at about $40,000. Virtu Financial LLC bought a new position in shares of Sidus Space in the first quarter worth approximately $47,000. Renaissance Technologies LLC bought a new position in shares of Sidus Space in the second quarter worth approximately $58,000. Finally, Jane Street Group LLC grew its holdings in shares of Sidus Space by 113.9% in the second quarter. Jane Street Group LLC now owns 30,809 shares of the company’s stock worth $102,000 after purchasing an additional 16,406 shares during the last quarter. Institutional investors own 21.41% of the company’s stock.

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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